Central Asia: Fats Preparation Machinery Market 2024

Fats Preparation Machinery Market Size in Central Asia

The Central Asian fats preparation machinery market skyrocketed to $X in 2022, picking up by 17% against the previous year. In general, consumption saw significant growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fats Preparation Machinery Production in Central Asia

In value terms, fats preparation machinery production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 81%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Fats Preparation Machinery Exports

Exports in Central Asia

Fats preparation machinery exports surged to X units in 2022, with an increase of 1,835% compared with 2021 figures. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fats preparation machinery exports skyrocketed to $X in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Kyrgyzstan (X units) represented the largest exporter of machinery for the extraction or preparation of animal or fixed vegetable fats or oils in Central Asia, comprising 98% of total export.

Kyrgyzstan was also the fastest-growing in terms of the machinery for the extraction or preparation of animal or fixed vegetable fats or oils exports, with a CAGR of +59.7% from 2012 to 2022. From 2012 to 2022, the share of Kyrgyzstan increased by +48 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kyrgyzstan ($X) also remains the largest fats preparation machinery supplier in Central Asia.

In Kyrgyzstan, fats preparation machinery exports expanded at an average annual rate of +86.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, increasing by 88% against the previous year. In general, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2017 when the export price increased by 546%. Over the period under review, the export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kyrgyzstan.

From 2012 to 2022, the rate of growth in terms of prices for Kyrgyzstan amounted to +17.0% per year.

Fats Preparation Machinery Imports

Imports in Central Asia

In 2022, approx. X units of machinery for the extraction or preparation of animal or fixed vegetable fats or oils were imported in Central Asia; therefore, remained relatively stable against the year before. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 153%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, fats preparation machinery imports soared to $X in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 263% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Uzbekistan represented the main importer of machinery for the extraction or preparation of animal or fixed vegetable fats or oils in Central Asia, with the volume of imports resulting at X units, which was near 68% of total imports in 2022. It was distantly followed by Kazakhstan (X units), generating a 26% share of total imports. Kyrgyzstan (X units) took a relatively small share of total imports.

Uzbekistan was also the fastest-growing in terms of the machinery for the extraction or preparation of animal or fixed vegetable fats or oils imports, with a CAGR of +47.0% from 2012 to 2022. At the same time, Kyrgyzstan (+12.3%) and Kazakhstan (+7.5%) displayed positive paces of growth. Uzbekistan (+68 p.p.) significantly strengthened its position in terms of the total imports, while Kyrgyzstan and Kazakhstan saw its share reduced by -2.9% and -48% from 2012 to 2022, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported machinery for the extraction or preparation of animal or fixed vegetable fats or oils in Central Asia, comprising 77% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Uzbekistan amounted to +49.9%. In the other countries, the average annual rates were as follows: Kazakhstan (+7.7% per year) and Kyrgyzstan (+29.3% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, growing by 27% against the previous year. In general, the import price enjoyed a measured increase. The growth pace was the most rapid in 2021 when the import price increased by 58%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+15.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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