Central Asia: Refined Cotton-Seed Oil Market 2025

Refined Cotton-Seed Oil Market Size in Central Asia

For the fourth year in a row, the Central Asian refined cotton-seed oil market recorded growth in sales value, which increased by 5.2% to $X in 2022. Overall, consumption showed a strong expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Refined Cotton-Seed Oil Production in Central Asia

In value terms, refined cotton-seed oil production stood at $X in 2022 estimated in export price. Over the period under review, production showed a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 44% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Refined Cotton-Seed Oil Exports

Exports in Central Asia

In 2022, the amount of refined cotton-seed oil exported in Central Asia soared to X tons, growing by 52% on 2021 figures. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2016 with an increase of 2,638%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined cotton-seed oil exports surged to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 2,542% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan prevails in exports structure, amounting to X tons, which was near 91% of total exports in 2022. It was distantly followed by Uzbekistan (X tons), committing a 9.1% share of total exports.

Kazakhstan was also the fastest-growing in terms of the refined cotton-seed oil exports, with a CAGR of +46.7% from 2012 to 2022. Uzbekistan (-43.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan and Uzbekistan increased by +56 and +9.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest refined cotton-seed oil supplier in Central Asia, comprising 92% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 7.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to +48.5%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, with an increase of 3.5% against the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined cotton-seed oil export price increased by +79.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 73% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+20.8%).

Refined Cotton-Seed Oil Imports

Imports in Central Asia

Refined cotton-seed oil imports soared to X tons in 2022, rising by 187% on the year before. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 2,143% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, refined cotton-seed oil imports surged to $X in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 2,544%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

Tajikistan (X tons) and Uzbekistan (X tons) represented the major importers of refined cotton-seed oil in 2022, resulting at approx. 43% and 37% of total imports, respectively. It was distantly followed by Kyrgyzstan (X tons), comprising a 20% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Tajikistan (with a CAGR of +33.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X), Tajikistan ($X) and Kyrgyzstan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 99.9% share of total imports.

Among the main importing countries, Tajikistan, with a CAGR of +32.0%, 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, remaining relatively unchanged against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 58% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain 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 Kyrgyzstan ($X per ton), while Tajikistan ($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 (+11.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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