Central Asia: Glucose Market 2024

Glucose Market Size in Central Asia

For the third year in a row, the Central Asian glucose market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption posted a resilient increase. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Glucose Production in Central Asia

In value terms, glucose production rose notably to $X in 2022 estimated in export price. In general, production posted resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in years to come.

Glucose Exports

Exports in Central Asia

In 2022, overseas shipments of glucose and glucose syrup increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, glucose exports amounted to $X in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Kazakhstan (X tons) was the largest exporter of glucose and glucose syrup in Central Asia, constituting X% of total export.

Kazakhstan was also the fastest-growing in terms of the glucose and glucose syrup exports, with a CAGR of X% from 2012 to 2022. 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 glucose supplier in Central Asia.

In Kazakhstan, glucose exports expanded 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, rising by X% against the previous year. Export price indicated a mild 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, glucose export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

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.

Glucose Imports

Imports in Central Asia

In 2022, the amount of glucose and glucose syrup imported in Central Asia reduced to X tons, with a decrease of X% compared with 2021. In general, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, glucose imports dropped to $X in 2022. Over the period under review, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

Uzbekistan (X tons) and Kazakhstan (X tons) represented roughly X% of total imports in 2022. Tajikistan (X tons) held the next position in the ranking, distantly followed by Kyrgyzstan (X tons). All these countries together held approx. X% share of total imports. Turkmenistan (X tons) followed a long way behind the leaders.

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

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Tajikistan ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Tajikistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 2022, the import price in Central Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Tajikistan ($X per ton) and Uzbekistan ($X per ton), while Kazakhstan ($X per ton) and Turkmenistan ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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