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Report Central Asia - Crude Palm Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Central Asia - Crude Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

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Central Asia: Crude Palm Oil Market 2024

Crude Palm Oil Exports

Exports in Central Asia

In 2022, shipments abroad of crude palm oil was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 471% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, crude palm oil exports surged to $X in 2022. Overall, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 479% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Kazakhstan (X tons) was the key exporter of crude palm oil in Central Asia, creating 100% of total export.

Kazakhstan was also the fastest-growing in terms of the crude palm oil exports, with a CAGR of -15.9% 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 crude palm oil supplier in Central Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to -5.8%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, with a decrease of -11.2% against the previous year. In general, the export price, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2019 when the export price increased by 68%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then dropped 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 2022, the rate of growth in terms of prices for Kazakhstan amounted to +12.0% per year.

Crude Palm Oil Imports

Imports in Central Asia

In 2022, approx. X tons of crude palm oil were imported in Central Asia; reducing by -8.4% on the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 357% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, crude palm oil imports declined to $X in 2022. Over the period under review, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 369%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kyrgyzstan dominates imports structure, recording X tons, which was approx. 96% of total imports in 2022. Kazakhstan (X tons) followed a long way behind the leaders.

Kyrgyzstan was also the fastest-growing in terms of the crude palm oil imports, with a CAGR of +4.7% from 2012 to 2022. Kazakhstan (-18.8%) illustrated a downward trend over the same period. While the share of Kyrgyzstan (+40 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-22.3 p.p.) displayed negative dynamics.

In value terms, Kyrgyzstan ($X) constitutes the largest market for imported crude palm oil in Central Asia, comprising 96% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 2.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Kyrgyzstan was relatively modest.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, dropping by -2.2% against the previous year. In general, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the import price increased by 37% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-4.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of crude palm oil consumption was Uzbekistan, comprising approx. 65% of total volume. Moreover, crude palm oil consumption in Uzbekistan exceeded the figures recorded by the second-largest consumer, Kyrgyzstan, threefold. Kazakhstan ranked third in terms of total consumption with an 11% share.
In value terms, Kazakhstan remains the largest crude palm oil supplier in Central Asia.
In value terms, Uzbekistan constitutes the largest market for imported crude palm oil in Central Asia, comprising 65% of total imports. The second position in the ranking was occupied by Kyrgyzstan, with a 19% share of total imports. It was followed by Kazakhstan, with a 12% share.
In 2021, the crude palm oil export price in Central Asia amounted to $2,664 per ton, growing by 8.6% against the previous year.
In 2021, the crude palm oil import price in Central Asia amounted to $894 per ton, growing by 5.5% against the previous year.

This report provides an in-depth analysis of the crude palm oil market in Central Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 257 - Oil of palm

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Central Asia, split by region and country
  • Trade (exports and imports) in Central Asia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Kazakhstan
    • Kyrgyzstan
    • Mongolia
    • Tajikistan
    • Turkmenistan
    • Uzbekistan

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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