Central Asia: Wine Market 2024

Wine Market Size in Central Asia

The Central Asian wine market contracted slightly to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Wine Production in Central Asia

In value terms, wine production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Wine Exports

Exports in Central Asia

In 2022, overseas shipments of wine increased by X% to X litres for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X litres. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wine exports soared to $X in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Uzbekistan prevails in exports structure, recording X litres, which was approx. X% of total exports in 2022. It was distantly followed by Kazakhstan (X litres), making up a X% share of total exports.

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

In value terms, Uzbekistan ($X) remains the largest wine supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with an X% share of total exports.

In Uzbekistan, wine exports shrank by 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 litre, jumping by X% against the previous year. Overall, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per litre. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per litre), while Uzbekistan totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%).

Wine Imports

Imports in Central Asia

In 2022, approx. X litres of wine were imported in Central Asia; with an increase of X% on the previous year. In general, imports showed a moderate expansion. 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 years to come.

In value terms, wine imports expanded slightly to $X in 2022. Total imports indicated notable growth 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. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Kazakhstan (X litres) represented the major importer of wine, generating X% of total imports. It was distantly followed by Mongolia (X litres), creating a X% share of total imports. Kyrgyzstan (X litres) and Turkmenistan (X litres) followed a long way behind the leaders.

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkmenistan (X%) and Mongolia (X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mongolia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Kazakhstan, wine imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: 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, standing approx. at the previous year. Overall, the import price saw a mild contraction. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per litre in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Turkmenistan ($X per litre) and Kyrgyzstan ($X per litre), while Kazakhstan ($X per litre) and Mongolia ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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