Central Asia: Wheat Market 2024

Wheat Market Size in Central Asia

The Central Asian wheat market rose to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Wheat Production in Central Asia

In value terms, wheat production fell to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Kazakhstan (X tons) remains the largest wheat producing country in Central Asia, accounting for X% of total volume. Moreover, wheat production in Kazakhstan exceeded the figures recorded by the second-largest producer, Uzbekistan (X tons), twofold. The third position in this ranking was taken by Turkmenistan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Kazakhstan amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Uzbekistan (X% per year) and Turkmenistan (X% per year).

In 2022, the average wheat yield in Central Asia stood at X tons per ha, with an increase of X% on the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 when the yield increased by X%. Over the period under review, the wheat yield attained the maximum level at X tons per ha in 2016; however, from 2017 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of wheat production in Central Asia reduced to X ha, with a decrease of X% against 2021. Over the period under review, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to wheat production reached the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Wheat Exports

Exports in Central Asia

In 2022, overseas shipments of wheat increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a slight descent. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wheat exports skyrocketed to $X in 2022. Overall, exports showed a slight increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Kazakhstan (X tons) represented roughly X% of total exports in 2022.

Kazakhstan was also the fastest-growing in terms of the wheat exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan totaled X%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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.

Wheat Imports

Imports in Central Asia

Wheat imports was estimated at X tons in 2022, increasing by X% against 2021. Overall, imports enjoyed a prominent 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 near future.

In value terms, wheat imports skyrocketed to $X in 2022. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Uzbekistan represented the key importing country with an import of about X tons, which resulted at X% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a X% share, followed by Tajikistan (X%) and Kyrgyzstan (X%). Turkmenistan (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kazakhstan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) constitutes the largest market for imported wheat in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Tajikistan, with a X% share.

In Uzbekistan, wheat imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Tajikistan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated perceptible growth 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, wheat import price increased by X% against 2017 indices. The growth pace was the most rapid in 2019 when the import price increased by X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tajikistan ($X per ton), while Kazakhstan ($X per ton) was 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 more modest paces of growth.

Source: IndexBox Platform

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