Report Update Nov 1, 2024

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

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Kazakhstan: Soybean Oil Market 2024

Soybean Oil Market Size in Kazakhstan

The Kazakh soybean oil market dropped rapidly to $X in 2022, which is down by -22% against the previous year. Over the period under review, consumption, however, recorded a resilient expansion. Soybean oil consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Soybean Oil Production in Kazakhstan

In value terms, soybean oil production amounted to $X in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 38%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Soybean Oil Exports

Exports from Kazakhstan

In 2022, approx. X tons of soybean oil were exported from Kazakhstan; jumping by 36% against the year before. Over the period under review, exports showed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 167%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, soybean oil exports surged to $X in 2022. Overall, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 140%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Tajikistan (X tons) was the main destination for soybean oil exports from Kazakhstan, with a 79% share of total exports. Moreover, soybean oil exports to Tajikistan exceeded the volume sent to the second major destination, Uzbekistan (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tajikistan totaled +55.7%.

In value terms, Tajikistan ($X) emerged as the key foreign market for soybean oil exports from Kazakhstan, comprising 77% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Tajikistan totaled +63.0%.

Export Prices by Country

The average soybean oil export price stood at $X per ton in 2022, falling by -14.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 66%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Tajikistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+4.7%), while the prices for the other major destinations experienced a decline.

Soybean Oil Imports

Imports into Kazakhstan

In 2022, soybean oil imports into Kazakhstan reduced notably to X tons, which is down by -58.5% compared with the year before. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,412% against the previous year. As a result, imports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, soybean oil imports dropped rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 1,918%. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2022, Russia (X tons) was the main soybean oil supplier to Kazakhstan, with a approx. 98% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at +30.7%.

In value terms, Russia ($X) constituted the largest supplier of soybean oil to Kazakhstan.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to +27.0%.

Import Prices by Country

In 2022, the average soybean oil import price amounted to $X per ton, dropping by -27.1% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 an increase of 157%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +22.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of in 2021 were China, the United States and Brazil, with a combined 59% share of global consumption. India, Argentina, Nigeria and Bangladesh lagged somewhat behind, together accounting for a further 19%.

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

The countries with the highest volumes of in 2021 were China, Brazil and the United States, with a combined 64% share of global production.

What are the leading suppliers of soybean oil to Kazakhstan?

In value terms, Russia constituted the largest supplier of soybean oil to Kazakhstan, comprising 60% of total imports. The second position in the ranking was occupied by Egypt, with a 26% share of total imports.

What are the leading importers of soybean oil from Kazakhstan?

In value terms, Uzbekistan remains the key foreign market for soybean oil exports from Kazakhstan, comprising 80% of total exports. The second position in the ranking was occupied by China, with an 18% share of total exports.

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

In 2021, the average soybean oil export price amounted to $760 per ton, waning by -1.6% against the previous year.

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

The average soybean oil import price stood at $1,093 per ton in 2021, waning by -10.2% against the previous year.

This report provides an in-depth analysis of the soybean 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 237 - Oil of Soybeans

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