Central Asia: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2025

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Central Asia

In 2021, after six years of growth, there was decline in the Central Asian market for sunflower-seed or safflower oil, refined, but not chemically modified, when its value decreased by -3.6% to $X. Over the period under review, consumption, however, showed a prominent increase. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Central Asia

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified dropped to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 35%. As a result, production attained the peak level of $X, and then declined in the following year.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports in Central Asia

Exports of sunflower-seed or safflower oil, refined, but not chemically modified surged to X tons in 2021, with an increase of 35% on 2020 figures. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 491% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2021. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 367%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Kazakhstan prevails in modified structure, reaching X tons, which was near 95% of total exports in 2021. It was distantly followed by Uzbekistan (X tons), achieving a 5.4% share of total exports.

Exports from Kazakhstan increased at an average annual rate of +14.4% from 2012 to 2021. At the same time, Uzbekistan (+61.4%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +61.4% from 2012-2021. From 2012 to 2021, the share of Uzbekistan increased by +5.4 percentage points.

In value terms, Kazakhstan ($X) remains the largest sunflower-seed or safflower oil, refined, but not chemically modified supplier in Central Asia, comprising 97% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 3.1% share of total exports.

In Kazakhstan, exports of sunflower-seed or safflower oil, refined, but not chemically modified expanded at an average annual rate of +14.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, jumping by 72% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+0.4%).

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports in Central Asia

In 2021, purchases abroad of sunflower-seed or safflower oil, refined, but not chemically modified decreased by -23.8% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 85% against the previous year. The volume of import peaked at X tons in 2020, and then declined dramatically in the following year.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2021. Overall, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 75% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Uzbekistan (X tons) represented the largest importer of sunflower-seed or safflower oil, refined, but not chemically modified, mixing up 54% of total imports. It was distantly followed by Kazakhstan (X tons), Tajikistan (X tons), Kyrgyzstan (X tons) and Turkmenistan (X tons), together creating a 43% share of total imports. Mongolia (X tons) held a minor share of total imports.

Uzbekistan was also the fastest-growing in terms of the sunflower-seed or safflower oil, refined, but not chemically modified imports, with a CAGR of +11.5% from 2012 to 2021. At the same time, Tajikistan (+9.4%), Kazakhstan (+8.2%), Mongolia (+5.7%) and Turkmenistan (+2.4%) displayed positive paces of growth. Kyrgyzstan experienced a relatively flat trend pattern. From 2012 to 2021, the share of Uzbekistan increased by +54 percentage points.

In value terms, Uzbekistan ($X) constitutes the largest market for imported sunflower-seed or safflower oil, refined, but not chemically modified in Central Asia, comprising 56% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 17% share of total imports. It was followed by Tajikistan, with an 11% share.

In Uzbekistan, imports of sunflower-seed or safflower oil, refined, but not chemically modified expanded at an average annual rate of +26.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (+8.4% per year) and Tajikistan (+11.3% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, jumping by 57% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Turkmenistan ($X per ton) and Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+13.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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