Central Asia: Market for Crude Sunflower-Seed And Safflower Oil 2024

Market Size for Crude Sunflower-Seed And Safflower Oil in Central Asia

In 2022, the Central Asian market for crude sunflower-seed and safflower oil decreased by -20.3% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption saw a pronounced downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Crude Sunflower-Seed And Safflower Oil in Central Asia

In value terms, crude sunflower-seed and safflower oil production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild curtailment. The growth pace was the most rapid in 2019 when the production volume increased by 20%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports in Central Asia

In 2022, the amount of crude sunflower-seed and safflower oil exported in Central Asia surged to X tons, jumping by 224% on the previous year's figure. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, crude sunflower-seed and safflower oil exports soared to $X in 2022. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan prevails in exports structure, resulting at X tons, which was approx. 97% of total exports in 2022. Uzbekistan (X tons) took a minor share of total exports.

Exports from Kazakhstan increased at an average annual rate of +66.5% from 2012 to 2022. At the same time, Uzbekistan (+563.9%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +563.9% from 2012-2022. While the share of Uzbekistan (+3.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-2.8 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest crude sunflower-seed and safflower oil supplier in Central Asia, comprising 96% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to +65.7%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, surging by 31% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 37%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+33.7%).

Imports of Crude Sunflower-Seed And Safflower Oil

Imports in Central Asia

In 2022, purchases abroad of crude sunflower-seed and safflower oil was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by 84%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, crude sunflower-seed and safflower oil imports surged to $X in 2022. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 80%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) represented roughly 76% of total imports in 2022. It was distantly followed by Tajikistan (X tons), committing a 19% share of total imports. Kyrgyzstan (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +171.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest crude sunflower-seed and safflower oil importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Tajikistan ($X), with a combined 95% share of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of +201.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, surging by 11% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 48% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Tajikistan ($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 (+11.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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