Uzbekistan: Market for Crude Sunflower-Seed And Safflower Oil 2024

Market Size for Crude Sunflower-Seed And Safflower Oil in Uzbekistan

The Uzbek market for crude sunflower-seed and safflower oil rose markedly to $X in 2022, increasing by 13% against the previous year. In general, consumption recorded a remarkable increase. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Production of Crude Sunflower-Seed And Safflower Oil in Uzbekistan

In value terms, crude sunflower-seed and safflower oil production rose rapidly to $X in 2022 estimated in export price. Overall, production posted resilient growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 99% against the previous year. Crude sunflower-seed and safflower oil production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Uzbekistan

In 2022, the amount of crude sunflower-seed and safflower oil exported from Uzbekistan surged to X tons, rising by 3,329% on the previous year's figure. In general, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 14,119% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, crude sunflower-seed and safflower oil exports surged to $X in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 17,837%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Afghanistan (X tons) was the main destination for crude sunflower-seed and safflower oil exports from Uzbekistan, accounting for a 92% share of total exports. Moreover, crude sunflower-seed and safflower oil exports to Afghanistan exceeded the volume sent to the second major destination, Tajikistan (X tons), more than tenfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 1.7% share.

From 2019 to 2022, the average annual rate of growth in terms of volume to Afghanistan amounted to +1,837.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+122.2% per year) and the United Arab Emirates (+1,859.8% per year).

In value terms, Afghanistan ($X) emerged as the key foreign market for crude sunflower-seed and safflower oil exports from Uzbekistan, comprising 94% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 2.4% share of total exports. It was followed by the United Arab Emirates, with a 1.8% share.

From 2019 to 2022, the average annual rate of growth in terms of value to Afghanistan amounted to +2,563.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+160.8% per year) and the United Arab Emirates (+1,584.1% per year).

Export Prices by Country

In 2022, the average export price for crude sunflower-seed and safflower oil amounted to $X per ton, growing by 38% against the previous year. In general, the export price saw a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+37.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Uzbekistan

In 2022, approx. X tons of crude sunflower-seed and safflower oil were imported into Uzbekistan; rising by 34% compared with the previous year. Overall, imports saw significant growth. The growth pace was the most rapid in 2018 when imports increased by 1,076%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, crude sunflower-seed and safflower oil imports soared to $X in 2022. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2018 when imports increased by 947% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest supplier of crude sunflower-seed and safflower oil to Uzbekistan, accounting for a 88% share of total imports. Moreover, crude sunflower-seed and safflower oil imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Russia (X tons), sevenfold.

From 2017 to 2022, the average annual rate of growth in terms of volume from Kazakhstan stood at +474.2%.

In value terms, Kazakhstan ($X) constituted the largest supplier of crude sunflower-seed and safflower oil to Uzbekistan, comprising 89% of total imports. The second position in the ranking was held by Russia ($X), with an 11% share of total imports.

From 2017 to 2022, the average annual growth rate of value from Kazakhstan stood at +592.3%.

Import Prices by Country

In 2022, the average import price for crude sunflower-seed and safflower oil amounted to $X per ton, surging by 27% against the previous year. Over the period under review, the import price saw buoyant growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 51% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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