Central Asia: Market for Frozen Fish and Seafood 2024

Market Size for Frozen Fish and Seafood in Central Asia

The Central Asian frozen fish and seafood market rose significantly to $X in 2023, surging by X% against the previous year. In general, consumption recorded a buoyant expansion. The level of consumption peaked in 2023 and is likely to see steady growth in the immediate term.

Production of Frozen Fish and Seafood in Central Asia

In value terms, frozen fish and seafood production expanded remarkably to $X in 2023 estimated in export price. Overall, production posted resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Frozen Fish and Seafood

Exports in Central Asia

After two years of growth, overseas shipments of frozen fish and seafood decreased by X% to X tons in 2023. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then declined markedly in the following year.

In value terms, frozen fish and seafood exports declined significantly to $X in 2023. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then reduced sharply in the following year.

Exports by Country

In 2023, Kazakhstan (X tons) was the largest exporter of frozen fish and seafood, generating X% of total exports. It was distantly followed by Kyrgyzstan (X tons), constituting an X% share of total exports.

Exports from Kazakhstan increased at an average annual rate of X% from 2012 to 2023. At the same time, Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2023. While the share of Kyrgyzstan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest frozen fish and seafood supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Kazakhstan totaled 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. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Kazakhstan totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%).

Imports of Frozen Fish and Seafood

Imports in Central Asia

In 2023, approx. X tons of frozen fish and seafood were imported in Central Asia; stabilizing at the previous year. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, frozen fish and seafood imports reduced to $X in 2023. Over the period under review, imports enjoyed prominent growth. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then reduced modestly in the following year.

Imports by Country

Kazakhstan was the key importer of frozen fish and seafood in Central Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. Uzbekistan (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.

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%), Tajikistan (X%) and Turkmenistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Uzbekistan and Tajikistan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Kazakhstan, frozen fish and seafood 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: Uzbekistan (X% per year) and Tajikistan (X% per year).

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, waning by X% against the previous year. Import price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, frozen fish and seafood import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2019 an increase of X%. The level of import peaked at $X per ton in 2022, and then declined slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2023, 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