Report Update Nov 1, 2024

Uzbekistan - Ground-Nut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Uzbekistan: Groundnut Oil Market 2024

Groundnut Oil Market Size in Uzbekistan

The Uzbek groundnut oil market rose significantly to $X in 2021, picking up by 5.4% against the previous year. In general, consumption, however, continues to indicate a noticeable descent. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Groundnut Oil Production in Uzbekistan

In value terms, groundnut oil production shrank to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 91% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Groundnut Oil Exports

Exports from Uzbekistan

In 2021, shipments abroad of groundnut oil decreased by -91.9% to X kg for the first time since 2018, thus ending a two-year rising trend. In general, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2020 when exports increased by 756%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, groundnut oil exports shrank dramatically to $X in 2021. Overall, exports recorded a significant curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 1,571% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X kg) was the main destination for groundnut oil exports from Uzbekistan, with a 87% share of total exports. Moreover, groundnut oil exports to Poland exceeded the volume sent to the second major destination, the Czech Republic (X kg), sevenfold.

From 2013 to 2021, the average annual growth rate of volume to Poland was relatively modest.

In value terms, Poland ($X) emerged as the key foreign market for groundnut oil exports from Uzbekistan, comprising 87% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 13% share of total exports.

From 2013 to 2021, the average annual growth rate of value to Poland was relatively modest.

Export Prices by Country

In 2021, the average groundnut oil export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 95%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the Czech Republic totaled $X per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-8.3%).

Groundnut Oil Imports

Imports into Uzbekistan

In 2019, the amount of groundnut oil imported into Uzbekistan was estimated at X kg, flattening at the year before. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 200%. Imports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, groundnut oil imports amounted to $X in 2019. Over the period under review, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2014 when imports increased by 28%. As a result, imports attained the peak of $X. From 2015 to 2019, the growth of imports failed to regain momentum.

Imports by Country

In 2019, China (X kg) was the main groundnut oil supplier to Uzbekistan, accounting for a approx. 100% share of total imports.

From 2013 to 2019, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of groundnut oil to Uzbekistan.

From 2013 to 2019, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

In 2019, the average groundnut oil import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price saw a precipitous descent. The growth pace was the most rapid in 2014 a decrease of -57.3%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2019, import prices failed to regain momentum.

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

From 2013 to 2019, the rate of growth in terms of prices for Denmark amounted to 0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of groundnut oil consumption was China, comprising approx. 47% of total volume. Moreover, groundnut oil consumption in China exceeded the figures recorded by the second-largest consumer, Nigeria, sixfold. Sudan ranked third in terms of total consumption with a 4.5% share.

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

China remains the largest groundnut oil producing country worldwide, comprising approx. 41% of total volume. Moreover, groundnut oil production in China exceeded the figures recorded by the second-largest producer, Nigeria, fivefold. The third position in this ranking was occupied by India, with a 6.9% share.

What are the leading suppliers of groundnut oil to Uzbekistan?

In value terms, China $42) constituted the largest supplier of groundnut oil to Uzbekistan.

What is the average export price for groundnut oil in Uzbekistan?

In 2020, the average groundnut oil export price amounted to $2,298 per ton, jumping by 95% against the previous year.

What is the average import price for groundnut oil in Uzbekistan?

In 2019, the average groundnut oil import price amounted to $219 per ton, with a decrease of -18.3% against the previous year.

This report provides an in-depth analysis of the groundnut oil market in Uzbekistan. 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 244 - Oil of Groundnuts

Country coverage:

Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uzbekistan
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