Central Asia: Sugars Market 2024

Sugars Market Size in Central Asia

The Central Asian sugars market contracted slightly to $X in 2023, almost unchanged from the previous year. The total consumption indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Sugars Production in Central Asia

In value terms, sugars production contracted slightly to $X in 2023 estimated in export price. The total production indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2023, production growth failed to regain momentum.

Sugars Exports

Exports in Central Asia

In 2023, after two years of growth, there was significant decline in shipments abroad of sugars, sugar ethers and salts, when their volume decreased by X% to X kg. In general, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, sugars exports declined notably to $X in 2023. Overall, exports continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

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

Kazakhstan was also the fastest-growing in terms of the sugars, sugar ethers and salts exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then declined notably in the following year.

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.

Sugars Imports

Imports in Central Asia

In 2023, approx. X tons of sugars, sugar ethers and salts were imported in Central Asia; with a decrease of X% on the previous year. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then contracted in the following year.

In value terms, sugars imports dropped dramatically to $X in 2023. Overall, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then contracted significantly in the following year.

Imports by Country

Uzbekistan prevails in imports structure, recording X tons, which was near X% of total imports in 2023. Kazakhstan (X tons) held the second position in the ranking, followed by Turkmenistan (X tons). All these countries together took near X% share of total imports.

Imports into Uzbekistan increased at an average annual rate of X% from 2012 to 2023. At the same time, Turkmenistan (X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.) and Turkmenistan (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported sugars, sugar ethers and salts in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports.

In Uzbekistan, sugars imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Turkmenistan (X% per year).

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 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 Turkmenistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform