Central Asia: Whey Market 2024

Whey Market Size in Central Asia

The Central Asian whey market totaled $X in 2022, increasing by 9.2% against the previous year. Over the period under review, consumption posted a strong expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Whey Production in Central Asia

In value terms, whey production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 127%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Whey Exports

Exports in Central Asia

In 2022, whey exports in Central Asia skyrocketed to X tons, picking up by 27% on the year before. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 1,136%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, whey exports surged to $X in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 859% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Kyrgyzstan represented the major exporting country with an export of around X tons, which accounted for 81% of total exports. Uzbekistan (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (6.7%).

Exports from Kyrgyzstan increased at an average annual rate of +288.5% from 2012 to 2022. At the same time, Uzbekistan (+412.3%) and Kazakhstan (+6.8%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +412.3% from 2012-2022. Kyrgyzstan (+81 p.p.) and Uzbekistan (+13 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -93.3% from 2012 to 2022, respectively.

In value terms, Kyrgyzstan ($X) remains the largest whey supplier in Central Asia, comprising 67% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kyrgyzstan amounted to +234.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (+12.0% per year) and Uzbekistan (+244.4% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, surging by 3.2% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2015 when the export price increased by 70% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+4.8%), while the other leaders experienced a decline in the export price figures.

Whey Imports

Imports in Central Asia

In 2022, the amount of whey imported in Central Asia expanded remarkably to X tons, with an increase of 5.8% against 2021 figures. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 48%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, whey imports rose significantly to $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 71%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) prevails in imports structure, together comprising 84% of total imports. Kyrgyzstan (X tons) ranks next in terms of the total imports with a 7.4% share, followed by Turkmenistan (5.7%). Tajikistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Tajikistan (with a CAGR of +39.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X) were the countries with the highest levels of imports in 2022, together accounting for 93% of total imports. Turkmenistan and Tajikistan lagged somewhat behind, together comprising a further 6.7%.

In terms of the main importing countries, Tajikistan, with a CAGR of +36.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, growing by 5.5% against the previous year. In general, the import price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2019 when the import price increased by 21% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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