Report Update Nov 1, 2024

Uzbekistan - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights

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Uzbekistan: Soya Bean Market 2024

Soya Bean Market Size in Uzbekistan

The Uzbek soya bean market soared to $X in 2021, rising by 96% against the previous year. Over the period under review, consumption continues to indicate significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Soya Bean Production in Uzbekistan

In value terms, soya bean production declined to $X in 2021 estimated in export price. In general, production, however, posted a strong increase. The growth pace was the most rapid in 2016 with an increase of 30,761% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

The average yield of soya beans in Uzbekistan amounted to less than X kg per ha in 2021, remaining constant against the previous year's figure. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield decreased by 99.9% against the previous year. The soya bean yield peaked at X tons per ha in 2016; however, from 2017 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The soya bean harvested area in Uzbekistan was estimated at less than X ha in 2021, approximately equating the previous year's figure. Over the period under review, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the harvested area decreased by 99.9% against the previous year. Over the period under review, the harvested area dedicated to soya bean production reached the maximum at X ha in 2016; however, from 2017 to 2021, the harvested area remained at a lower figure.

Soya Bean Exports

Exports from Uzbekistan

After two years of decline, shipments abroad of soya beans decreased by -41.4% to X kg in 2021. Overall, exports, however, enjoyed a resilient expansion. Over the period under review, the exports attained the peak figure at X kg in 2020, and then fell notably in the following year.

In value terms, soya bean exports declined significantly to $X in 2021. Over the period under review, exports, however, saw a significant expansion. Over the period under review, the exports reached the peak figure at $X in 2020, and then fell remarkably in the following year.

Exports by Country

Morocco (X kg) was the main destination for soya bean exports from Uzbekistan, with a approx. 100% share of total exports.

From 2018 to 2021, the average annual growth rate of volume to Morocco was relatively modest.

In value terms, Morocco ($X) emerged as the key foreign market for soya bean exports from Uzbekistan.

From 2018 to 2021, the average annual growth rate of value to Morocco was relatively modest.

Export Prices by Country

The average soya bean export price stood at $X per ton in 2021, picking up by 41% against the previous year. In general, the export price saw a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Morocco.

From 2018 to 2021, the rate of growth in terms of prices for Morocco amounted to 0.0% per year.

Soya Bean Imports

Imports into Uzbekistan

In 2021, approx. X tons of soya beans were imported into Uzbekistan; increasing by 28% compared with the previous year's figure. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 60% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, soya bean imports surged to $X in 2021. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan (X tons), Russia (X tons) and Ukraine (X tons) were the main suppliers of soya bean imports to Uzbekistan, with a combined 100% share of total imports.

From 2017 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kazakhstan (with a CAGR of +34.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soya bean suppliers to Uzbekistan were Russia ($X), Kazakhstan ($X) and Ukraine ($X), together comprising 99% of total imports.

Russia, with a CAGR of +46.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average soya bean import price amounted to $X per ton, picking up by 54% against the previous year. In general, import price indicated a resilient increase from 2017 to 2021: its price increased at an average annual rate of +15.2% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soya bean import price increased by +53.2% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Russia ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+28.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soya beans in the world?

The countries with the highest volumes of soya bean consumption in 2021 were China, the United States and Argentina, with a combined 68% share of global consumption.

What are the largest producers of soya beans in the world?

The countries with the highest volumes of soya bean production in 2021 were Brazil, the United States and Argentina, together comprising 80% of global production. China, India, Paraguay and Canada lagged somewhat behind, together comprising a further 14%.

What are the leading suppliers of soya beans to Uzbekistan?

In value terms, Russia, Kazakhstan and Ukraine appeared to be the largest soya bean suppliers to Uzbekistan, together comprising 99% of total imports.

What is the average export price for soya beans in Uzbekistan?

In 2020, the average soya bean export price amounted to $2,093 per ton, remaining relatively unchanged against the previous year.

What is the average import price for soya beans in Uzbekistan?

The average soya bean import price stood at $488 per ton in 2021, rising by 14% against the previous year.

This report provides an in-depth analysis of the soya bean 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 236 - Soybeans

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, HARVESTED AREA AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023