Report Update Nov 1, 2024

Kazakhstan - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights

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Kazakhstan: Virgin Olive Oil Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for virgin olive oil in the world?

The countries with the highest volumes of virgin olive oil consumption in 2021 were Italy, Spain and the United States, with a combined 41% share of global consumption. These countries were followed by Morocco, Turkey, Greece, France, Tunisia, Syrian Arab Republic, Algeria, Portugal, Brazil and Germany, which together accounted for a further 37%.

What are the largest producers of virgin olive oil in the world?

The country with the largest volume of virgin olive oil production was Spain, accounting for 35% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Tunisia, threefold. Italy ranked third in terms of total production with a 10% share.

What are the leading suppliers of virgin olive oil to Kazakhstan?

In value terms, the largest virgin olive oil suppliers to Kazakhstan were Spain, Italy and Turkey, together comprising 62% of total imports. Russia, Lithuania, Greece and the United States lagged somewhat behind, together comprising a further 36%.

What are the leading importers of virgin olive oil from Kazakhstan?

In value terms, Kyrgyzstan remains the key foreign market for virgin olive oil exports from Kazakhstan, comprising 91% of total exports. The second position in the ranking was occupied by Russia $799), with a 9.2% share of total exports.

What is the average export price for virgin olive oil in Kazakhstan?

In 2021, the average virgin olive oil export price amounted to $3,316 per ton, waning by -40.8% against the previous year.

What is the average import price for virgin olive oil in Kazakhstan?

In 2021, the average virgin olive oil import price amounted to $4,684 per ton, surging by 30% against the previous year.

This report provides an in-depth analysis of the virgin olive 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 261 - Oil of Olives, Virgin

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:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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