Kazakhstan: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Kazakhstan

The Kazakh cotton-seed oil market soared to $X in 2021, growing by 135% against the previous year. Overall, consumption, however, recorded a deep contraction. Cotton-seed oil consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Cotton-Seed Oil Production in Kazakhstan

In value terms, cotton-seed oil production totaled $X in 2021 estimated in export price. Overall, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by 56%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Cotton-Seed Oil Exports

Exports from Kazakhstan

After two years of growth, overseas shipments of cotton-seed oil decreased by -48.1% to X tons in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 128%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, cotton-seed oil exports declined rapidly to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 93%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Kyrgyzstan (X tons) was the main destination for cotton-seed oil exports from Kazakhstan, with a 58% share of total exports. Moreover, cotton-seed oil exports to Kyrgyzstan exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kyrgyzstan amounted to +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-9.8% per year) and Tajikistan (+2.8% per year).

In value terms, Kyrgyzstan ($X) remains the key foreign market for cotton-seed oil exports from Kazakhstan, comprising 60% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Kyrgyzstan amounted to +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-10.1% per year) and Tajikistan (+4.5% per year).

Export Prices by Country

In 2021, the average cotton-seed oil export price amounted to $X per ton, growing by 55% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton-Seed Oil Imports

Imports into Kazakhstan

In 2021, overseas purchases of cotton-seed oil increased by 7.8% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports posted notable growth. The pace of growth appeared the most rapid in 2018 with an increase of 378% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, cotton-seed oil imports stood at $X in 2021. Overall, imports, however, continue to indicate a pronounced setback. The growth pace was the most rapid in 2018 when imports increased by 232% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Tajikistan (X tons) was the main cotton-seed oil supplier to Kazakhstan, accounting for a 99% share of total imports. It was followed by Russia (X tons), with a 1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Tajikistan totaled +28.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-37.2% per year) and Iran (-46.1% per year).

In value terms, Tajikistan ($X) constituted the largest supplier of cotton-seed oil to Kazakhstan, comprising 99% of total imports. The second position in the ranking was taken by Russia ($X), with a 0.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Tajikistan amounted to +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-43.1% per year) and Iran (-42.3% per year).

Import Prices by Country

In 2021, the average cotton-seed oil import price amounted to $X per ton, declining by -6.7% against the previous year. In general, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Iran ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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