Central Asia: Market for Cereal Grain Products (Including Corn Flakes) 2024

Market Size for Cereal Grain Products (Including Corn Flakes) in Central Asia

The Central Asian market for cereal grain products (including corn flakes) rose to $X in 2022, increasing by X% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Cereal Grain Products (Including Corn Flakes) in Central Asia

In value terms, corn flakes and cereal products production rose to $X in 2022 estimated in export price. The total production indicated a perceptible increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Cereal Grain Products (Including Corn Flakes)

Exports in Central Asia

In 2022, overseas shipments of cereal grain products (including corn flakes) increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports showed a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, corn flakes and cereal products exports skyrocketed to $X in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Kazakhstan prevails in exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Uzbekistan (X tons), generating an X% share of total exports. Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to corn flakes and cereal products exports from Kazakhstan stood at X%. At the same time, Kyrgyzstan (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Uzbekistan and Kyrgyzstan increased by X and X percentage points, respectively.

In value terms, Kazakhstan ($X) remains the largest corn flakes and cereal products supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports.

In Kazakhstan, corn flakes and cereal products exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, rising by X% against the previous year. Overall, the export price enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 ($X per ton), while Uzbekistan ($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 (X%), while the other leaders experienced a decline in the export price figures.

Imports of Cereal Grain Products (Including Corn Flakes)

Imports in Central Asia

In 2022, purchases abroad of cereal grain products (including corn flakes) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, corn flakes and cereal products imports rose modestly to $X in 2022. Overall, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Uzbekistan (X tons) and Kazakhstan (X tons) represented roughly X% of total imports in 2022. Mongolia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkmenistan (X%), Tajikistan (X%) and Kyrgyzstan (X%).

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

In value terms, the largest corn flakes and cereal products importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X), together comprising X% of total imports.

In terms of the main importing countries, Mongolia, 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

The import price in Central Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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