Kazakhstan: Market for Sunflower-Seed And Safflower Oil 2024

Market Size for Sunflower-Seed And Safflower Oil in Kazakhstan

In 2022, the Kazakh sunflower-seed and safflower oil market decreased by -38.7% to $X, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a abrupt downturn. Sunflower-seed and safflower oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Sunflower-Seed And Safflower Oil in Kazakhstan

In value terms, sunflower-seed and safflower oil production stood at $X in 2022 estimated in export price. Overall, production, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2019 with an increase of 22% against the previous year. Sunflower-seed and safflower oil production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Sunflower-Seed And Safflower Oil

Exports from Kazakhstan

In 2022, approx. X tons of sunflower-seed and safflower oil were exported from Kazakhstan; rising by 168% on the previous year's figure. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 173% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, sunflower-seed and safflower oil exports surged to $X in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan (X tons), China (X tons) and Tajikistan (X tons) were the main destinations of sunflower-seed and safflower oil exports from Kazakhstan, with a combined 85% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +102.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sunflower-seed and safflower oil exported from Kazakhstan were Uzbekistan ($X), China ($X) and Tajikistan ($X), together accounting for 81% of total exports.

China, with a CAGR of +104.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 sunflower-seed and safflower oil export price amounted to $X per ton, jumping by 19% against the previous year. In general, the export price, however, showed a mild slump. The pace of growth appeared the most rapid in 2021 an increase of 48%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sunflower-Seed And Safflower Oil

Imports into Kazakhstan

After two years of decline, supplies from abroad of sunflower-seed and safflower oil increased by 6% to X tons in 2022. In general, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.9% against 2019 indices. The growth pace was the most rapid in 2014 when imports increased by 60% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sunflower-seed and safflower oil imports expanded rapidly to $X in 2022. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.2% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) was the main supplier of sunflower-seed and safflower oil to Kazakhstan, accounting for a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled +3.9%.

In value terms, Russia ($X) constituted the largest supplier of sunflower-seed and safflower oil to Kazakhstan.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled +4.6%.

Import Prices by Country

The average sunflower-seed and safflower oil import price stood at $X per ton in 2022, increasing by 1.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 50%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

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 Russia amounted to +0.6% per year.

Source: IndexBox Platform

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