Central Asia: Whisky Market 2024

Whisky Market Size in Central Asia

In 2022, the Central Asian whisky market was finally on the rise to reach $X after two years of decline. The total consumption indicated a perceptible increase from 2012 to 2022: its value 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Whisky Production in Central Asia

In value terms, whisky production rose modestly to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced setback. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Whisky Exports

Exports in Central Asia

In 2022, approx. X litres of whisky were exported in Central Asia; shrinking by X% compared with 2021 figures. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X litres, and then contracted rapidly in the following year.

In value terms, whisky exports reduced markedly to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then fell markedly in the following year.

Exports by Country

The shipments of the one major exporters of whisky, namely Kazakhstan, represented more than two-thirds of total export.

Kazakhstan was also the fastest-growing in terms of the whisky exports, with a CAGR of X% from 2012 to 2022. While the share of Kazakhstan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Kazakhstan, whisky exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per litre in 2022, which is down by X% against the previous year. In general, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per litre in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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.

Whisky Imports

Imports in Central Asia

In 2022, approx. X litres of whisky were imported in Central Asia; picking up by X% against 2021 figures. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, whisky imports soared to $X in 2022. In general, imports posted a strong expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Kazakhstan was the major importer of whisky in Central Asia, with the volume of imports recording X litres, which was approx. X% of total imports in 2022. Mongolia (X litres) ranks second in terms of the total imports with a X% share, followed by Kyrgyzstan (X%). Uzbekistan (X litres) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to whisky imports into Kazakhstan stood at X%. At the same time, Mongolia (X%), Uzbekistan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. While the share of Mongolia (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kyrgyzstan (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual growth rate of value in Kazakhstan totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per litre in 2022, declining by X% against the previous year. In general, the import price showed a deep contraction. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per litre in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per litre), while Kazakhstan ($X per litre) 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 a decline in the import price figures.

Source: IndexBox Platform

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