Report Update Nov 1, 2024

Uzbekistan - Sunflower-Seed and Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights

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Uzbekistan: Market for Sunflower-Seed And Safflower Oil 2024

Market Size for Sunflower-Seed And Safflower Oil in Uzbekistan

After ten years of growth, the Uzbek sunflower-seed and safflower oil market decreased by -16.5% to $X in 2022. Over the period under review, consumption, however, posted significant growth. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped dramatically in the following year.

Production of Sunflower-Seed And Safflower Oil in Uzbekistan

In value terms, sunflower-seed and safflower oil production rose markedly to $X in 2022 estimated in export price. Over the period under review, production recorded a strong expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 101% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Sunflower-Seed And Safflower Oil

Exports from Uzbekistan

In 2022, the amount of sunflower-seed and safflower oil exported from Uzbekistan soared to X tons, with an increase of 1,153% compared with 2021 figures. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,350% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, sunflower-seed and safflower oil exports soared to $X in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,529%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Afghanistan (X tons) was the main destination for sunflower-seed and safflower oil exports from Uzbekistan, accounting for a 94% share of total exports. It was followed by Tajikistan (X tons), with a 2.7% share of total exports.

From 2019 to 2022, the average annual rate of growth in terms of volume to Afghanistan totaled +135.7%.

In value terms, Afghanistan ($X) emerged as the key foreign market for sunflower-seed and safflower oil exports from Uzbekistan, comprising 95% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 1.9% share of total exports.

From 2019 to 2022, the average annual growth rate of value to Afghanistan stood at +200.7%.

Export Prices by Country

The average sunflower-seed and safflower oil export price stood at $X per ton in 2022, increasing by 14% against the previous year. In general, the export price showed significant growth. The most prominent rate of growth was recorded in 2021 an increase of 63%. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Afghanistan ($X per ton), while the average price for exports to Tajikistan amounted to $X per ton.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+27.6%).

Imports of Sunflower-Seed And Safflower Oil

Imports into Uzbekistan

In 2022, overseas purchases of sunflower-seed and safflower oil decreased by -17.3% to X tons, falling for the second year in a row after four years of growth. Overall, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 57% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, sunflower-seed and safflower oil imports contracted significantly to $X in 2022. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2019 when imports increased by 44%. Imports peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

Kazakhstan (X tons), Russia (X tons) and Ukraine (X kg) were the main suppliers of sunflower-seed and safflower oil imports to Uzbekistan, together comprising 100% of total imports.

From 2017 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +85.6%), while purchases for the other leaders experienced a decline.

In value terms, Kazakhstan ($X), Russia ($X) and Ukraine ($X) appeared to be the largest sunflower-seed and safflower oil suppliers to Uzbekistan, with a combined 100% share of total imports.

Among the main suppliers, Kazakhstan, with a CAGR of +99.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sunflower-seed and safflower oil import price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 65%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunflower-seed and safflower oil in the world?

The countries with the highest volumes of in 2021 were Russia, India and Ukraine, with a combined 33% share of global consumption.

What are the largest producers of sunflower-seed and safflower oil in the world?

The countries with the highest volumes of in 2021 were Ukraine, Russia and Argentina, with a combined 65% share of global production. Turkey, Hungary, Bulgaria, Romania, France, Spain and Kazakhstan lagged somewhat behind, together comprising a further 20%.

What are the leading suppliers of sunflower-seed and safflower oil to Uzbekistan?

In value terms, Russia constituted the largest supplier of sunflower-seed and safflower oil to Uzbekistan, comprising 73% of total imports. The second position in the ranking was occupied by Kazakhstan, with a 24% share of total imports.

What is the average export price for sunflower-seed and safflower oil in Uzbekistan?

The average sunflower-seed and safflower oil export price stood at $1,470 per ton in 2021, picking up by 98% against the previous year.

What is the average import price for sunflower-seed and safflower oil in Uzbekistan?

The average sunflower-seed and safflower oil import price stood at $1,502 per ton in 2021, with an increase of 73% against the previous year.

This report provides an in-depth analysis of the market for sunflower-seed and safflower oil 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 268 - Oil of Sunflower Seed
FCL 281 - Oil of Safflower Seed

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
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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