Central Asia: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Central Asia

The Central Asian frozen crustaceans market stood at $X in 2023, increasing by X% against the previous year. In general, consumption enjoyed prominent growth. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Frozen Crustaceans Production in Central Asia

In value terms, frozen crustaceans production rose sharply to $X in 2023 estimated in export price. In general, production recorded buoyant growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

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Frozen Crustaceans Exports

Exports in Central Asia

In 2023, shipments abroad of frozen crustaceans decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a modest increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen crustaceans exports reduced modestly to $X in 2023. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) represented roughly X% of total exports in 2023.

Kazakhstan was also the fastest-growing in terms of the frozen crustaceans exports, with a CAGR of X% from 2012 to 2023. Kazakhstan (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Kazakhstan amounted to X%.

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 tangible increase from 2012 to 2023: its price 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, frozen crustaceans export price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Frozen Crustaceans Imports

Imports in Central Asia

After five years of growth, overseas purchases of frozen crustaceans decreased by X% to X tons in 2023. Overall, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of import peaked at X tons in 2022, and then dropped modestly in the following year.

In value terms, frozen crustaceans imports dropped to $X in 2023. Over the period under review, imports, however, posted resilient growth. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2022, and then reduced modestly in the following year.

Imports by Country

In 2023, Kazakhstan (X tons) was the main importer of frozen crustaceans, generating X% of total imports. It was distantly followed by Uzbekistan (X tons), constituting a X% share of total imports. Kyrgyzstan (X tons) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to frozen crustaceans imports into Kazakhstan stood at X%. At the same time, Uzbekistan (X%) and Kyrgyzstan (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. From 2012 to 2023, 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 ($X) constitutes the largest market for imported frozen crustaceans in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms 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).

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, reducing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

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 Uzbekistan ($X per ton), while Kyrgyzstan ($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 more modest paces of growth.

Source: IndexBox Platform