Report Update Nov 1, 2024

Kazakhstan - Maize Oil - Market Analysis, Forecast, Size, Trends and Insights

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Kazakhstan: Maize Oil Market 2024

Maize Oil Market Size in Kazakhstan

The Kazakh maize oil market rose to $X in 2022, surging by 4.8% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Maize Oil Production in Kazakhstan

In value terms, maize oil production rose rapidly to $X in 2022 estimated in export price. In general, production recorded a mild increase. The pace of growth appeared the most rapid in 2016 with an increase of 268%. Maize oil production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Maize Oil Exports

Exports from Kazakhstan

In 2022, approx. X tons of maize oil were exported from Kazakhstan; dropping by -29.4% against 2021. Overall, exports continue to indicate a sharp slump. The growth pace was the most rapid in 2019 when exports increased by 406%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, maize oil exports shrank sharply to $X in 2022. In general, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 417%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Kyrgyzstan (X tons) was the main destination for maize oil exports from Kazakhstan, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kyrgyzstan totaled -26.0%.

In value terms, Kyrgyzstan ($X) also remains the key foreign market for maize oil exports from Kazakhstan.

From 2012 to 2022, the average annual rate of growth in terms of value to Kyrgyzstan totaled -28.4%.

Export Prices by Country

The average maize oil export price stood at $X per ton in 2022, declining by -3.2% against the previous year. Overall, the export price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2021 an increase of 11%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Kyrgyzstan amounted to -3.2% per year.

Maize Oil Imports

Imports into Kazakhstan

In 2022, supplies from abroad of maize oil decreased by -20.6% to X tons, falling for the fifth year in a row after two years of growth. Overall, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 69% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, maize oil imports fell to $X in 2022. Over the period under review, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2016 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of maize oil to Kazakhstan, accounting for a 86% share of total imports. Moreover, maize oil imports from Russia exceeded the figures recorded by the second-largest supplier, Azerbaijan (X tons), ninefold. South Korea (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Azerbaijan (-10.7% per year) and South Korea (-16.9% per year).

In value terms, Russia ($X) constituted the largest supplier of maize oil to Kazakhstan, comprising 87% of total imports. The second position in the ranking was held by Azerbaijan ($X), with an 11% share of total imports. It was followed by South Korea, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Azerbaijan (-10.2% per year) and South Korea (-15.0% per year).

Import Prices by Country

In 2022, the average maize oil import price amounted to $X per ton, jumping by 18% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize oil import price increased by +72.5% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maize oil in the world?

The country with the largest volume of maize oil consumption was the United States, accounting for 45% of total volume. Moreover, maize oil consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold. Brazil ranked third in terms of total consumption with a 3.2% share.

What are the largest producers of maize oil in the world?

The country with the largest volume of maize oil production was the United States, comprising approx. 50% of total volume. Moreover, maize oil production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. Brazil ranked third in terms of total production with a 4.4% share.

What are the leading suppliers of maize oil to Kazakhstan?

In value terms, Russia constituted the largest supplier of maize oil to Kazakhstan, comprising 49% of total imports. The second position in the ranking was occupied by Ukraine, with a 20% share of total imports. It was followed by Turkey, with an 11% share.

What are the leading importers of maize oil from Kazakhstan?

In value terms, Kyrgyzstan remains the key foreign market for maize oil exports from Kazakhstan.

What is the average export price for maize oil in Kazakhstan?

In 2021, the average maize oil export price amounted to $1,092 per ton, reducing by -7.1% against the previous year.

What is the average import price for maize oil in Kazakhstan?

In 2021, the average maize oil import price amounted to $1,277 per ton, dropping by -3.7% against the previous year.

This report provides an in-depth analysis of the maize oil market in Kazakhstan. 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 60 - Oil of Maize

Country coverage:

Kazakhstan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kazakhstan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
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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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023