Central Asia: Market for Fresh Bread and Miscellaneous Bakery 2024

Market Size for Fresh Bread and Miscellaneous Bakery in Central Asia

The Central Asian market for fresh bread and miscellaneous bakery expanded slightly to $X in 2023, surging by X% against the previous year. The total consumption indicated pronounced growth 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 2014 indices. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Production of Fresh Bread and Miscellaneous Bakery in Central Asia

In value terms, fresh bread and miscellaneous bakery production contracted modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

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Exports of Fresh Bread and Miscellaneous Bakery

Exports in Central Asia

In 2023, after six years of growth, there was decline in overseas shipments of fresh bread and miscellaneous bakery, when their volume decreased by X% to X tons. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then shrank slightly in the following year.

In value terms, fresh bread and miscellaneous bakery exports reached $X in 2023. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

In 2023, Kazakhstan (X tons) was the largest exporter of fresh bread and miscellaneous bakery, generating X% of total exports. Kyrgyzstan (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Uzbekistan (X%). Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkmenistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

In Kyrgyzstan, fresh bread and miscellaneous bakery exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, surging by X% against the previous year. Export price indicated a modest increase from 2012 to 2023: its price 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, fresh bread and miscellaneous bakery export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Turkmenistan ($X per ton) was 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 mixed trends in the export price figures.

Imports of Fresh Bread and Miscellaneous Bakery

Imports in Central Asia

In 2023, purchases abroad of fresh bread and miscellaneous bakery increased by X% to X tons, rising for the seventh year in a row after two years of decline. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to see steady growth in the immediate term.

In value terms, fresh bread and miscellaneous bakery imports fell slightly to $X in 2023. In general, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2022, and then dropped modestly in the following year.

Imports by Country

Kazakhstan was the key importer of fresh bread and miscellaneous bakery in Central Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. Kyrgyzstan (X tons) took the second position in the ranking, followed by Uzbekistan (X tons), Mongolia (X tons) and Tajikistan (X tons). All these countries together held approx. X% share of total imports. Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to fresh bread and miscellaneous bakery imports into Kazakhstan stood at X%. At the same time, Uzbekistan (X%), Kyrgyzstan (X%), Mongolia (X%) and Tajikistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. By contrast, Turkmenistan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.), Kyrgyzstan (X p.p.) and Mongolia (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan and Turkmenistan saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported fresh bread and miscellaneous bakery in Central Asia, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports. It was followed by Mongolia, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Kazakhstan amounted to X%. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Mongolia (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the import price recorded a mild reduction. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mongolia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform