Kazakhstan: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Kazakhstan

In 2021, the Kazakh market for sunflower-seed or safflower oil, refined, but not chemically modified decreased by -5.7% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Kazakhstan

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 15% against the previous year. Production of peaked at $X in 2020, and then declined in the following year.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports from Kazakhstan

In 2021, exports of sunflower-seed or safflower oil, refined, but not chemically modified from Kazakhstan skyrocketed to X tons, growing by 35% compared with the previous year. Overall, exports saw a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by 496% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2021. In general, exports saw a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 366% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Uzbekistan (X tons) was the main destination for exports of sunflower-seed or safflower oil, refined, but not chemically modified from Kazakhstan, with a 58% share of total exports. Moreover, exports of sunflower-seed or safflower oil, refined, but not chemically modified to Uzbekistan exceeded the volume sent to the second major destination, Afghanistan (X tons), threefold. The third position in this ranking was taken by Kyrgyzstan (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Uzbekistan amounted to +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (+63.5% per year) and Kyrgyzstan (+5.9% per year).

In value terms, Uzbekistan ($X) remains the key foreign market for sunflower-seed or safflower oil, refined, but not chemically modified exports from Kazakhstan, comprising 56% of total exports. The second position in the ranking was held by Afghanistan ($X), with a 20% share of total exports. It was followed by Kyrgyzstan, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Uzbekistan totaled +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (+70.4% per year) and Kyrgyzstan (+6.9% per year).

Export Prices by Country

In 2021, the average export price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $X per ton, increasing by 76% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were Kyrgyzstan ($X per ton) and Afghanistan ($X per ton), while the average price for exports to Tajikistan ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports into Kazakhstan

In 2021, imports of sunflower-seed or safflower oil, refined, but not chemically modified into Kazakhstan expanded remarkably to X tons, picking up by 10% against 2020. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.0% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2021. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 71% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Russia (X tons) was the main supplier of sunflower-seed or safflower oil, refined, but not chemically modified to Kazakhstan, accounting for a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +10.0%.

In value terms, Russia ($X) constituted the largest supplier of sunflower-seed or safflower oil, refined, but not chemically modified to Kazakhstan.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +10.1%.

Import Prices by Country

The average import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per ton in 2021, rising by 37% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +0.1% per year.

Source: IndexBox Platform

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