Kazakhstan: Cottonseed Market 2024

Cottonseed Market Size in Kazakhstan

After two years of growth, the Kazakh cottonseed market decreased by -2.5% to $X in 2022. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Cottonseed Production in Kazakhstan

In value terms, cottonseed production stood at $X in 2022 estimated in export price. In general, the total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.3% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 84%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

In 2022, the average yield of cottonseed in Kazakhstan amounted to less than X kg per ha, approximately equating the previous year. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cottonseed production in Kazakhstan amounted to less than X ha, remaining constant against the previous year's figure. In general, the harvested area saw a relatively flat trend pattern.

Cottonseed Exports

Exports from Kazakhstan

In 2022, cottonseed exports from Kazakhstan soared to X tons, with an increase of 97% against 2021 figures. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 132%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, cottonseed exports soared to $X in 2022. Overall, exports showed significant growth. The growth pace was the most rapid in 2017 when exports increased by 110%. Over the period under review, the exports hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Kyrgyzstan (X tons) and Tajikistan (X tons) were the main destinations of cottonseed exports from Kazakhstan.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +36.1%).

In value terms, Tajikistan ($X) remains the key foreign market for cottonseed exports from Kazakhstan, comprising 68% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Tajikistan amounted to +29.6%.

Export Prices by Country

In 2022, the average cottonseed export price amounted to $X per ton, declining by -11.1% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cottonseed export price decreased by -7.7% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 39% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Kyrgyzstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Cottonseed Imports

Imports into Kazakhstan

For the third year in a row, Kazakhstan recorded growth in overseas purchases of cottonseed, which increased by 110% to X tons in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 257%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, cottonseed imports surged to $X in 2022. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Uzbekistan (X tons) constituted the largest cottonseed supplier to Kazakhstan, with a 69% share of total imports. Moreover, cottonseed imports from Uzbekistan exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. Azerbaijan (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Uzbekistan totaled +330.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+21.6% per year) and Azerbaijan (-0.8% per year).

In value terms, Uzbekistan ($X) constituted the largest supplier of cottonseed to Kazakhstan, comprising 55% of total imports. The second position in the ranking was held by Turkey ($X), with a 23% share of total imports. It was followed by Azerbaijan, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Uzbekistan amounted to +221.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+24.7% per year) and Azerbaijan (+18.2% per year).

Import Prices by Country

In 2022, the average cottonseed import price amounted to $X per ton, jumping by 82% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while the price for Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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