Central Asia: Cocoa Powder Market 2024

Cocoa Powder Market Size in Central Asia

In 2022, the Central Asian cocoa powder market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, continues to indicate prominent growth. The level of consumption peaked at $X in 2021, and then plummeted in the following year.

Cocoa Powder Production in Central Asia

In value terms, cocoa powder production amounted to $X in 2022 estimated in export price. In general, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cocoa Powder Exports

Exports in Central Asia

In 2022, the amount of cocoa powder (not sweetened) exported in Central Asia soared to X tons, growing by X% compared with the previous year. Overall, exports posted a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, cocoa powder exports skyrocketed to $X in 2022. In general, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2019 with an increase of 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 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), constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cocoa powder exports from Kazakhstan stood at X%. 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. From 2012 to 2022, the share of Uzbekistan increased by X percentage points.

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

In Kazakhstan, cocoa powder exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Cocoa Powder Imports

Imports in Central Asia

In 2022, purchases abroad of cocoa powder (not sweetened) increased by X% to X tons, rising for the seventh consecutive year after two years of decline. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2017 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, cocoa powder imports contracted to $X in 2022. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Uzbekistan (X tons) represented the key importer of cocoa powder (not sweetened), making up X% of total imports. Kazakhstan (X tons) held the second position in the ranking, followed by Turkmenistan (X tons) and Kyrgyzstan (X tons). All these countries together took near X% share of total imports. Tajikistan (X tons) and Mongolia (X tons) held a little share of total imports.

Imports into Uzbekistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Mongolia (X%), Turkmenistan (X%), Tajikistan (X%), Kyrgyzstan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tajikistan (X p.p.), Turkmenistan (X p.p.), Kyrgyzstan (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported cocoa powder (not sweetened) in Central Asia, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Turkmenistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan totaled X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Turkmenistan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Mongolia ($X per ton) and Tajikistan ($X per ton), while Uzbekistan ($X per ton) and Kyrgyzstan ($X per ton) were 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 a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :