Central Asia: Chocolate Market 2024

Chocolate Market Size in Central Asia

In 2022, the Central Asian chocolate market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Chocolate Production in Central Asia

In value terms, chocolate production dropped to $X in 2022 estimated in export price. The total production indicated a notable 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Chocolate Exports

Exports in Central Asia

In 2022, after four years of decline, there was significant growth in shipments abroad of chocolate and cocoa products, when their volume increased by X% to X tons. Total exports indicated moderate growth from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, chocolate exports skyrocketed to $X in 2022. Total exports indicated a remarkable 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Kazakhstan represented the main exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Uzbekistan (X tons), mixing up a X% share of total exports. Kyrgyzstan (X tons) took a relatively small share of total exports.

Exports from Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, 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 Kyrgyzstan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The level of export peaked at $X per ton in 2015; afterwards, it flattened through to 2022.

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 2022, 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

In 2022, overseas purchases of chocolate and cocoa products decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, chocolate imports soared to $X in 2022. Total imports indicated a slight 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) represented the key importers of chocolate and cocoa products in 2022, recording near X% and X% of total imports, respectively. It was distantly followed by Mongolia (X tons), Kyrgyzstan (X tons) and Tajikistan (X tons), together comprising a X% share of total imports. Turkmenistan (X tons) took a relatively small 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, Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Uzbekistan, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Mongolia ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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