Kazakhstan: Soya Bean Market 2024

Soya Bean Market Size in Kazakhstan

The Kazakh soya bean market soared to $X in 2021, with an increase of 21% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +31.6% against 2017 indices. Soya bean consumption peaked in 2021 and is expected to retain growth in the near future.

Soya Bean Production in Kazakhstan

In value terms, soya bean production reached $X in 2021 estimated in export price. In general, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.5% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of 36%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

In 2021, the average soya bean yield in Kazakhstan reduced modestly to X tons per ha, stabilizing at the previous year. Over the period under review, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 11% against the previous year. The soya bean yield peaked at X tons per ha in 2016; however, from 2017 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of soya beans production in Kazakhstan rose notably to X ha, increasing by 5.5% compared with 2020. The harvested area increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 22%. The soya bean harvested area peaked at X ha in 2019; however, from 2020 to 2021, the harvested area stood at a somewhat lower figure.

Soya Bean Exports

Exports from Kazakhstan

In 2021, the amount of soya beans exported from Kazakhstan shrank markedly to X tons, falling by -54.9% on 2020. Over the period under review, exports saw a slight reduction. The growth pace was the most rapid in 2017 with an increase of 304% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, soya bean exports reduced notably to $X in 2021. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 338% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Uzbekistan (X tons), China (X tons) and Sweden (X tons) were the main destinations of soya bean exports from Kazakhstan, together comprising 99% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +16.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for soya bean exported from Kazakhstan were Sweden ($X), China ($X) and Uzbekistan ($X), with a combined 99% share of total exports.

Sweden, with a CAGR of +25.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average soya bean export price stood at $X per ton in 2021, surging by 77% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soya bean export price increased by +89.6% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Bean Imports

Imports into Kazakhstan

In 2021, the amount of soya beans imported into Kazakhstan soared to X tons, jumping by 106% on 2020. Overall, imports showed significant growth. The growth pace was the most rapid in 2013 with an increase of 1,007%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, soya bean imports soared to $X in 2021. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 741% 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 soya bean supplier to Kazakhstan, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +79.7%.

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

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at +75.9%.

Import Prices by Country

The average soya bean import price stood at $X per ton in 2021, rising by 46% against the previous year. In general, the import price, however, continues to indicate a perceptible reduction. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 -2.1% per year.

Source: IndexBox Platform

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