Central Asia: Chocolate Market 2024

Chocolate Market Size in Central Asia

The Central Asian chocolate market totaled $X in 2023, increasing by X% against the previous year. The total consumption indicated moderate growth 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, consumption increased by X% against 2018 indices. Over the period under review, the market reached the maximum level in 2023 and is expected to retain growth in years to come.

Chocolate Production in Central Asia

In value terms, chocolate production amounted to $X in 2023 estimated in export price. The total production indicated notable growth 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 decreased by X% against 2021 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Chocolate Exports

Exports in Central Asia

In 2023, shipments abroad of chocolate and cocoa products increased by X% to X tons, rising for the second year in a row after three years of decline. Total exports indicated a resilient expansion from 2012 to 2023: its volume 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, exports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, chocolate exports surged to $X in 2023. Overall, exports saw a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

Kazakhstan was the largest exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Uzbekistan (X tons), committing a X% share of total exports. The following exporters - Kyrgyzstan (X tons) and Turkmenistan (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to chocolate exports from Kazakhstan stood at X%. At the same time, Uzbekistan (X%) and Turkmenistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2023. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Kazakhstan (X p.p.) and Kyrgyzstan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Kazakhstan totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, growing by X% against the previous year. Export price indicated a measured increase from 2012 to 2023: its price 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, chocolate export price increased by X% against 2020 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 origin: 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 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Chocolate Imports

Imports in Central Asia

Chocolate imports surged to X tons in 2023, rising by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chocolate imports soared to $X in 2023. Total imports indicated a noticeable 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Kyrgyzstan (X tons) and Mongolia (X tons), together comprising a X% share of total imports. Tajikistan (X tons) and Turkmenistan (X tons) held a little share of total imports.

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

In value terms, the largest chocolate importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X), with a combined X% share of total imports.

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

In 2023, the import price in Central Asia amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform