Report Update Nov 1, 2024

Uzbekistan - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Uzbekistan: Refined Groundnut Oil Market 2024

Refined Groundnut Oil Market Size in Uzbekistan

The Uzbek refined groundnut oil market dropped to $X in 2021, waning by -7.8% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 +9.3% against 2019 indices. Refined groundnut oil consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Refined Groundnut Oil Production in Uzbekistan

In value terms, refined groundnut oil production declined to $X in 2021 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +11.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 53%. Refined groundnut oil production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Refined Groundnut Oil Exports

Exports from Uzbekistan

After two years of growth, overseas shipments of refined groundnut oil decreased by -91.9% to X kg in 2021. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 756%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, refined groundnut oil exports dropped significantly to $X in 2021. In general, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 1,566%. 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 refined groundnut oil exports from Uzbekistan, with a 88% share of total exports. Moreover, refined groundnut oil exports to Poland exceeded the volume sent to the second major destination, the Czech Republic (X kg), eightfold.

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

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

The average refined groundnut oil export price stood at $X per ton in 2021, stabilizing at the previous year. In general, the export price, however, recorded a abrupt decline. The pace of growth appeared the most rapid 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 stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Poland stood at $X per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.1%).

Refined Groundnut Oil Imports

Imports into Uzbekistan

In 2019, refined groundnut oil imports into Uzbekistan totaled X kg, approximately equating the previous year. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 200% against the previous year. Imports peaked in 2019 and are expected to retain growth in years to come.

In value terms, refined groundnut oil imports totaled $X in 2019. Over the period under review, imports saw a pronounced setback. The pace of growth appeared the most rapid in 2014 when imports increased by 28% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2019, the growth of imports remained at a lower figure.

Imports by Country

In 2019, China (X kg) was the main supplier of refined groundnut oil 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 refined 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

The average refined groundnut oil import price stood at $X per ton in 2019, approximately reflecting the previous year. Overall, the import price recorded a sharp contraction. The most prominent rate of growth was recorded in 2014 a decrease of -57.3%. The import price peaked at $X per ton in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

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 refined groundnut oil in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 30% of global consumption. These countries were followed by Japan, Germany, Pakistan, Brazil, Indonesia, Bangladesh, the UK, France, Nigeria and Mexico, which together accounted for a further 24%.

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

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 32% of global production. These countries were followed by Japan, Germany, Brazil, Pakistan, Indonesia, Bangladesh, France, the UK, Nigeria and Mexico, which together accounted for a further 25%.

What are the leading suppliers of refined groundnut oil to Uzbekistan?

In value terms, China $3) constituted the largest supplier of refined groundnut oil to Uzbekistan.

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

In 2021, the average refined groundnut oil export price amounted to $2,180 per ton, declining by -5.1% against the previous year.

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

The average refined groundnut oil import price stood at $200 per ton in 2019, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the refined 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:

Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)

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