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Report Central Asia - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Central Asia - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights

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Central Asia: Virgin Olive Oil Market 2024

Virgin Olive Oil Exports

Exports in Central Asia

In 2022, exports of virgin olive oil in Central Asia skyrocketed to X tons, jumping by 17% compared with the year before. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 171%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, virgin olive oil exports soared to $X in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 158%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan prevails in exports structure, recording X tons, which was approx. 95% of total exports in 2022. It was distantly followed by Uzbekistan (X kg), making up a 5.3% share of total exports.

Kazakhstan was also the fastest-growing in terms of the virgin olive oil exports, with a CAGR of +26.9% from 2012 to 2022. Uzbekistan (-24.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan increased by +5.3 percentage points.

In value terms, Kazakhstan ($X) remains the largest virgin olive oil supplier in Central Asia, comprising 92% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 7.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to +36.4%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, increasing by 2% against the previous year. Over the period under review, the export price posted a resilient increase. The growth pace was the most rapid in 2017 when the export price increased by 68%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a 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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+43.0%).

Virgin Olive Oil Imports

Imports in Central Asia

In 2022, virgin olive oil imports in Central Asia totaled X tons, surging by 8% compared with the previous year's figure. Overall, imports recorded strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 76% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, virgin olive oil imports totaled $X in 2022. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 53%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Kazakhstan (X tons) represented the main importer of virgin olive oil, comprising 56% of total imports. It was distantly followed by Uzbekistan (X tons) and Mongolia (X tons), together generating a 37% share of total imports. Kyrgyzstan (X tons) and Tajikistan (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Uzbekistan (with a CAGR of +20.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported virgin olive oil in Central Asia, comprising 66% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 21% share of total imports. It was followed by Mongolia, with a 7.3% share.

In Kazakhstan, virgin olive oil imports increased at an average annual rate of +7.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (+31.0% per year) and Mongolia (+5.4% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, shrinking by -6.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 20% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($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 (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of virgin olive oil consumption in 2021 were Kazakhstan, Uzbekistan and Mongolia, with a combined 89% share of total consumption.
In value terms, Kazakhstan remains the largest virgin olive oil supplier in Central Asia, comprising 89% of total exports. The second position in the ranking was occupied by Uzbekistan, with an 11% share of total exports.
In value terms, Kazakhstan constitutes the largest market for imported virgin olive oil in Central Asia, comprising 56% of total imports. The second position in the ranking was occupied by Uzbekistan, with a 27% share of total imports. It was followed by Mongolia, with a 6.9% share.
The virgin olive oil export price in Central Asia stood at $3,430 per ton in 2021, waning by -37.4% against the previous year.
In 2021, the virgin olive oil import price in Central Asia amounted to $4,430 per ton, surging by 27% against the previous year.

This report provides an in-depth analysis of the virgin olive oil market in Central Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 261 - Oil of Olives, Virgin

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Central Asia, split by region and country
  • Trade (exports and imports) in Central Asia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Kazakhstan
    • Kyrgyzstan
    • Mongolia
    • Tajikistan
    • Turkmenistan
    • Uzbekistan

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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