Kazakhstan: Crude Soybean Oil Market 2025

Crude Soybean Oil Market Size in Kazakhstan

The Kazakh crude soybean oil market fell significantly to $X in 2022, which is down by -20.1% against the previous year. Over the period under review, consumption, however, recorded a buoyant increase. Crude soybean oil consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Crude Soybean Oil Production in Kazakhstan

In value terms, crude soybean oil production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 40% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Crude Soybean Oil Exports

Exports from Kazakhstan

In 2022, the amount of crude soybean oil exported from Kazakhstan surged to X tons, with an increase of 32% against 2021. Over the period under review, exports posted a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 223% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, crude soybean oil exports rose rapidly to $X in 2022. In general, exports continue to indicate tangible growth. The most prominent rate of growth was recorded in 2017 with an increase of 192% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Tajikistan (X tons) was the main destination for crude soybean oil exports from Kazakhstan, with a 85% share of total exports. Moreover, crude soybean oil exports to Tajikistan exceeded the volume sent to the second major destination, Uzbekistan (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tajikistan totaled +74.1%.

In value terms, Tajikistan ($X) emerged as the key foreign market for crude soybean oil exports from Kazakhstan, comprising 83% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Tajikistan stood at +84.4%.

Export Prices by Country

The average crude soybean oil export price stood at $X per ton in 2022, waning by -17.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 69% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined significantly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Tajikistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+5.9%), while the prices for the other major destinations experienced a decline.

Crude Soybean Oil Imports

Imports into Kazakhstan

In 2022, imports of crude soybean oil into Kazakhstan fell significantly to X tons, dropping by -98.9% on the previous year. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by 10,775%. Imports peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, crude soybean oil imports declined rapidly to $X in 2022. In general, imports, however, saw a slight increase. The pace of growth was the most pronounced in 2021 with an increase of 8,249%. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

China (X tons), Italy (X tons) and Russia (X kg) were the main suppliers of crude soybean oil imports to Kazakhstan.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +117.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Italy ($X) and Russia ($X) constituted the largest crude soybean oil suppliers to Kazakhstan.

In terms of the main suppliers, Italy, with a CAGR of +123.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average crude soybean oil import price stood at $X per ton in 2022, jumping by 178% against the previous year. Overall, the import price showed a prominent increase. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 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 China ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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