Central Asia: Soya Bean Market 2025

Soya Bean Market Size in Central Asia

The Central Asian soya bean market soared to $X in 2021, with an increase of 25% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +10.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +29.0% against 2015 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Soya Bean Production in Central Asia

In value terms, soya bean production totaled $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.6% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 36% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Kazakhstan (X tons) constituted the country with the largest volume of soya bean production, comprising approx. 99% of total volume.

From 2012 to 2021, the average annual rate of growth in terms of volume in Kazakhstan amounted to +5.4%.

The average soya bean yield declined modestly to X tons per ha in 2021, stabilizing at the previous year. Overall, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 11%. Over the period under review, the soya bean yield hit record highs at X tons per ha in 2016; however, from 2017 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the soya bean harvested area in Central Asia expanded notably to X ha, growing by 5.6% compared with the previous year. The harvested area increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the harvested area increased by 22%. The level of harvested area peaked at X ha in 2019; however, from 2020 to 2021, the harvested area remained at a lower figure.

Soya Bean Exports

Exports in Central Asia

In 2021, the amount of soya beans exported in Central Asia shrank rapidly to X tons, dropping by -54.8% on 2020 figures. In general, exports showed a slight downturn. The growth pace was the most rapid in 2017 when exports increased by 304%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, soya bean exports reduced dramatically to $X in 2021. Overall, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 339% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Kazakhstan (X tons) was the key exporter of soya beans in Central Asia, creating 100% of total export.

Kazakhstan was also the fastest-growing in terms of the soya beans exports, with a CAGR of -1.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest soya bean supplier in Central Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan stood at +7.4%.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, rising by 77% against the previous year. Export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soya bean export price increased by +89.2% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to +8.9% per year.

Soya Bean Imports

Imports in Central Asia

Soya bean imports soared to X tons in 2021, rising by 71% on 2020. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2019 when imports increased by 172%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, soya bean imports surged to $X in 2021. In general, imports showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 299%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Kazakhstan represented the main importing country with an import of around X tons, which amounted to 69% of total imports. It was distantly followed by Uzbekistan (X tons), comprising a 28% share of total imports. Turkmenistan (X tons) held a minor share of total imports.

Kazakhstan was also the fastest-growing in terms of the soya beans imports, with a CAGR of +65.4% from 2012 to 2021. At the same time, Turkmenistan (+47.6%) and Uzbekistan (+23.0%) displayed positive paces of growth. From 2012 to 2021, the share of Kazakhstan and Uzbekistan increased by +59 and +28 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported soya beans in Central Asia, comprising 67% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 30% share of total imports.

In Kazakhstan, soya bean imports increased at an average annual rate of +58.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uzbekistan (+41.7% per year) and Turkmenistan (+49.4% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, growing by 48% against the previous year. Import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +9.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soya bean import price increased by +52.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by 61% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+15.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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