Kazakhstan: Refined Cotton-Seed Oil Market 2024

Refined Cotton-Seed Oil Market Size in Kazakhstan

After two years of growth, the Kazakh refined cotton-seed oil market decreased by -20.1% to $X in 2022. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Refined Cotton-Seed Oil Production in Kazakhstan

In value terms, refined cotton-seed oil production stood at $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent increase. The growth pace was the most rapid in 2016 when the production volume increased by 30% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Refined Cotton-Seed Oil Exports

Exports from Kazakhstan

In 2022, after two years of decline, there was significant growth in overseas shipments of refined cotton-seed oil, when their volume increased by 39% to X tons. In general, exports saw significant growth. The growth pace was the most rapid in 2016 when exports increased by 466% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, refined cotton-seed oil exports surged to $X in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 506% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Uzbekistan (X tons), Kyrgyzstan (X tons) and Tajikistan (X tons) were the main destinations of refined cotton-seed oil exports from Kazakhstan, with a combined 93% share of total exports. Afghanistan and Russia lagged somewhat behind, together comprising a further 6.6%.

From 2012 to 2022, the biggest increases were recorded for Afghanistan (with a CAGR of +884.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refined cotton-seed oil exported from Kazakhstan were Uzbekistan ($X), Kyrgyzstan ($X) and Tajikistan ($X), with a combined 93% share of total exports. Afghanistan and Russia lagged somewhat behind, together accounting for a further 6.5%.

Among the main countries of destination, Afghanistan, with a CAGR of +812.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average refined cotton-seed oil export price amounted to $X per ton, picking up by 4.8% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined cotton-seed oil export price increased by +88.5% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 55%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Kyrgyzstan ($X per ton) and Russia ($X per ton), while the average price for exports to Uzbekistan ($X per ton) and Afghanistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Cotton-Seed Oil Imports

Imports into Kazakhstan

In 2022, overseas purchases of refined cotton-seed oil decreased by -27.1% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports showed a precipitous contraction. The most prominent rate of growth was recorded in 2015 with an increase of 251%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, refined cotton-seed oil imports fell modestly to $X in 2022. Overall, imports showed a precipitous decrease. The growth pace was the most rapid in 2015 when imports increased by 165%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Uzbekistan (X tons) was the main supplier of refined cotton-seed oil to Kazakhstan, with a 95% share of total imports. Moreover, refined cotton-seed oil imports from Uzbekistan exceeded the figures recorded by the second-largest supplier, Russia (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Uzbekistan was relatively modest.

In value terms, Uzbekistan ($X) constituted the largest supplier of refined cotton-seed oil to Kazakhstan, comprising 94% of total imports. The second position in the ranking was taken by Russia ($X), with a 6.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Uzbekistan was relatively modest.

Import Prices by Country

The average refined cotton-seed oil import price stood at $X per ton in 2022, picking up by 37% against the previous year. In general, the import price, however, saw a noticeable decline. The growth pace was the most rapid in 2020 when the average import price increased by 74%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Uzbekistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+10.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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