Kazakhstan: Groundnuts Market 2024

Groundnuts Market Size in Kazakhstan

For the third year in a row, the Kazakh groundnuts market recorded growth in sales value, which increased by 132% to $X in 2022. Over the period under review, consumption, however, recorded a noticeable curtailment. Groundnuts consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Groundnuts Production in Kazakhstan

In value terms, groundnuts production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production saw a deep setback. The pace of growth was the most pronounced in 2020 when the production volume increased by 89%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of ground-nut (in-shell) in Kazakhstan rose slightly to X kg per ha in 2022, increasing by 3.1% on 2021 figures. In general, the yield, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 165% against the previous year. Over the period under review, the average groundnuts yield reached the peak level at X tons per ha in 2012; however, from 2013 to 2022, 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 2022, the total area harvested in terms of ground-nut (in-shell) production in Kazakhstan dropped slightly to X ha, waning by -4.3% against 2021 figures. Over the period under review, the harvested area faced a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the harvested area increased by 29%. Over the period under review, the harvested area dedicated to groundnuts production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Groundnuts Exports

Exports from Kazakhstan

In 2022, overseas shipments of ground-nut (in-shell) decreased by -64.6% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, exports recorded a deep reduction. The growth pace was the most rapid in 2017 when exports increased by 342% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, groundnuts exports dropped notably to $X in 2022. Over the period under review, exports saw a slight decrease. The most prominent rate of growth was recorded in 2017 with an increase of 328% against the previous year. The exports peaked at $X in 2021, and then reduced notably in the following year.

Exports by Country

Russia (X tons) was the main destination for groundnuts exports from Kazakhstan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to -11.3%.

In value terms, Russia ($X) also remains the key foreign market for ground-nut (in-shell) exports from Kazakhstan.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled -1.5%.

Export Prices by Country

In 2022, the average groundnuts export price amounted to $X per ton, with an increase of 60% against the previous year. In general, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 122%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +11.1% per year.

Groundnuts Imports

Imports into Kazakhstan

In 2022, groundnuts imports into Kazakhstan skyrocketed to X tons, jumping by 57% compared with 2021 figures. In general, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 287% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, groundnuts imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 when imports increased by 296%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Uzbekistan (X tons), Tajikistan (X tons) and China (X tons) were the main suppliers of groundnuts imports to Kazakhstan, with a combined 100% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +122.1%), while purchases for the other leaders experienced a decline.

In value terms, the largest groundnuts suppliers to Kazakhstan were Uzbekistan ($X), China ($X) and Tajikistan ($X), together accounting for 100% of total imports.

China, with a CAGR of +128.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average groundnuts import price amounted to $X per ton, increasing by 4% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, groundnuts import price increased by +121.6% against 2016 indices. The growth pace was the most rapid in 2020 when the average import price increased by 25%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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