Central Asia: Fructose Market 2024

Fructose Market Size in Central Asia

The Central Asian fructose market was estimated at $X in 2023, surging by X% against the previous year. Overall, consumption, however, showed a pronounced reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Fructose Production in Central Asia

In value terms, fructose production expanded to $X in 2023 estimated in export price. In general, production, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

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Fructose Exports

Exports in Central Asia

In 2023, the amount of fructose and fructose syrup exported in Central Asia fell dramatically to X tons, declining by X% on 2022. Over the period under review, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, fructose exports fell markedly to $X in 2023. In general, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Kazakhstan represented the main exporter of fructose and fructose syrup in Central Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Mongolia (X tons) and Uzbekistan (X tons), together comprising a X% share of total exports.

Exports from Kazakhstan increased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%) and Mongolia (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2023. While the share of Mongolia (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, the largest fructose supplying countries in Central Asia were Kazakhstan ($X), Mongolia ($X) and Uzbekistan ($X), together comprising X% of total exports.

Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price posted a modest increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mongolia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Fructose Imports

Imports in Central Asia

In 2023, approx. X tons of fructose and fructose syrup were imported in Central Asia; growing by X% compared with the year before. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are likely to continue growth in the near future.

In value terms, fructose imports rose markedly to $X in 2023. In general, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2023, Uzbekistan (X tons) and Mongolia (X tons) represented the main importers of fructose and fructose syrup in Central Asia, together accounting for approx. X% of total imports. It was distantly followed by Kazakhstan (X tons), generating a X% share of total imports. Kyrgyzstan (X tons), Turkmenistan (X tons) and Tajikistan (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fructose importing markets in Central Asia were Mongolia ($X), Uzbekistan ($X) and Kazakhstan ($X), with a combined X% share of total imports.

Uzbekistan, with a CAGR of X%, recorded 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

In 2023, the import price in Central Asia amounted to $X per ton, falling by X% against the previous year. Overall, the import price showed a perceptible contraction. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, 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