Kazakhstan: Virgin Olive Oil Market 2025

Virgin Olive Oil Market Size in Kazakhstan

In 2022, after five years of growth, there was decline in the Kazakh virgin olive oil market, when its value decreased by -1.2% to $X. Overall, consumption enjoyed a resilient expansion. Virgin olive oil consumption peaked at $X in 2021, and then shrank slightly in the following year.

Virgin Olive Oil Exports

Exports from Kazakhstan

In 2022, the amount of virgin olive oil exported from Kazakhstan skyrocketed to X tons, rising by 19% against the previous year's figure. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2015 when exports increased by 171% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, virgin olive oil exports soared to $X in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 140%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Kyrgyzstan (X tons) was the main destination for virgin olive oil exports from Kazakhstan, accounting for a 97% share of total exports. It was followed by Russia (X kg), with a 3.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kyrgyzstan totaled +36.2%.

In value terms, Kyrgyzstan ($X) emerged as the key foreign market for virgin olive oil exports from Kazakhstan, comprising 95% of total exports. The second position in the ranking was taken by Russia ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kyrgyzstan totaled +59.5%.

Export Prices by Country

The average virgin olive oil export price stood at $X per ton in 2022, declining by -1.5% against the previous year. Overall, the export price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 67% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($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 (+140.7%), while the prices for the other major destinations experienced more modest paces of growth.

Virgin Olive Oil Imports

Imports into Kazakhstan

In 2022, approx. X tons of virgin olive oil were imported into Kazakhstan; with an increase of 3.6% compared with 2021 figures. In general, imports showed a tangible increase. The growth pace was the most rapid in 2017 when imports increased by 48% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, virgin olive oil imports reduced modestly to $X in 2022. Overall, imports showed buoyant growth. The growth pace was the most rapid in 2013 when imports increased by 58% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell slightly in the following year.

Imports by Country

Spain (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of virgin olive oil imports to Kazakhstan, together comprising 49% of total imports. Russia, Greece and Lithuania lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +21.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and Russia ($X) appeared to be the largest virgin olive oil suppliers to Kazakhstan, together accounting for 42% of total imports.

Russia, with a CAGR of +16.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average virgin olive oil import price amounted to $X per ton, falling by -6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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