Kazakhstan: Biological Product Market 2024

Biological Product Market Size in Kazakhstan

In 2022, after two years of growth, there was significant decline in the Kazakh biological product market, when its value decreased by X% to $X. In general, consumption continues to indicate a perceptible contraction. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted markedly in the following year.

Biological Product Exports

Exports from Kazakhstan

In 2022, the amount of biological products exported from Kazakhstan contracted notably to X tons, shrinking by X% against the previous year. Over the period under review, exports showed a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined sharply in the following year.

In value terms, biological product exports shrank sharply to $X in 2022. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Russia (X tons), Switzerland (X kg) and Kyrgyzstan (X kg) were the main destinations of biological product exports from Kazakhstan, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Russia ($X), Switzerland ($X) and Kyrgyzstan ($X) were the largest markets for biological product exported from Kazakhstan worldwide, with a combined X% share of total exports.

Among the main countries of destination, Kyrgyzstan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average biological product export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, biological product export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Biological Product Imports

Imports into Kazakhstan

In 2022, supplies from abroad of biological products decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, biological product imports reduced rapidly to $X in 2022. Over the period under review, imports saw a slight descent. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then contracted sharply in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest biological product supplier to Kazakhstan, with a X% share of total imports. Moreover, biological product imports from Russia exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Austria (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Austria (X% per year).

In value terms, the largest biological product suppliers to Kazakhstan were Switzerland ($X), Germany ($X) and Russia ($X), with a combined X% share of total imports. Austria, Ukraine, Italy, Slovenia, France, India, China and Belgium lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average biological product import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price enjoyed a notable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X,104 per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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