Central Asia: Cereal Market 2024

Cereal Market Size in Central Asia

The Central Asian cereal market was finally on the rise to reach $X in 2022, after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Cereal Production in Central Asia

In value terms, cereal production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Kazakhstan (X tons) remains the largest cereal producing country in Central Asia, comprising approx. X% of total volume. Moreover, cereal production in Kazakhstan exceeded the figures recorded by the second-largest producer, Uzbekistan (X tons), threefold. The third position in this ranking was taken by Kyrgyzstan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Kazakhstan amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

In 2022, the average yield of cereals in Central Asia rose rapidly to X tons per ha, picking up by X% compared with the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. The level of yield peaked at X tons per ha in 2016; however, from 2017 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cereal harvested area fell modestly to X ha in 2022, flattening at the year before. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the cereal harvested area remained at a lower figure.

Cereal Exports

Exports in Central Asia

In 2022, overseas shipments of cereals increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, cereal exports soared to $X in 2022. Overall, exports enjoyed a tangible increase. The growth pace was the most rapid in 2016 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Kazakhstan (X tons) represented the main exporter of cereals in Central Asia, mixing up X% of total export.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of exports of cereals. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan stood at X%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Cereal Imports

Imports in Central Asia

For the ninth year in a row, Central Asia recorded growth in supplies from abroad of cereals, which increased by X% to X tons in 2022. Overall, imports recorded a resilient increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, cereal imports skyrocketed to $X in 2022. Over the period under review, imports showed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Uzbekistan represented the major importing country with an import of about X tons, which reached X% of total imports. Kazakhstan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Tajikistan (X%) and Kyrgyzstan (X%). Turkmenistan (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) constitutes the largest market for imported cereals in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Tajikistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Uzbekistan stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Tajikistan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, picking up by X% against the previous year. Import price indicated a pronounced 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, cereal import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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 Tajikistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

Frequently Asked Questions (FAQ) :