Central Asia: Glucose Market 2024

Glucose Market Size in Central Asia

After three years of growth, the Central Asian glucose market decreased by X% to $X in 2023. The total consumption indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level of $X, leveling off in the following year.

Glucose Production in Central Asia

In value terms, glucose production fell slightly to $X in 2023 estimated in export price. The total production indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Glucose Exports

Exports in Central Asia

In 2023, approx. X tons of glucose and glucose syrup were exported in Central Asia; growing by X% against the year before. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, glucose exports declined to $X in 2023. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then contracted in the following year.

Exports by Country

The biggest shipments were from Kazakhstan (X tons), together reaching X% of total export.

Kazakhstan was also the fastest-growing in terms of the glucose and glucose syrup exports, with a CAGR of X% from 2012 to 2023. Kazakhstan (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest glucose supplier in Central Asia.

In Kazakhstan, glucose exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, dropping by X% against the previous year. In general, the export price, however, posted a moderate expansion. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then fell rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2023, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Glucose Imports

Imports in Central Asia

In 2023, after two years of decline, there was significant growth in supplies from abroad of glucose and glucose syrup, when their volume increased by X% to X tons. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, glucose imports stood at $X in 2023. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of glucose imports in 2023 were Uzbekistan (X tons), Tajikistan (X tons) and Kazakhstan (X tons), together reaching X% of total import. Turkmenistan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Tajikistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Tajikistan ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Among the main importing countries, Tajikistan, with a CAGR of X%, saw 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

In 2023, the import price in Central Asia amounted to $X per ton, falling by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Kyrgyzstan ($X per ton) and Kazakhstan ($X per ton), while Tajikistan ($X per ton) and Turkmenistan ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform