Central Asia: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Central Asia

In 2022, the Central Asian market for sunflower-seed or safflower oil, refined, but not chemically modified decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, continues to indicate resilient growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Central Asia

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified rose remarkably to $X in 2022 estimated in export price. The total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports in Central Asia

In 2022, overseas shipments of sunflower-seed or safflower oil, refined, but not chemically modified increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $X in 2022. In general, exports saw a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Kazakhstan prevails in modified structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Uzbekistan (X tons), creating a X% share of total exports.

Exports from Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) remains the largest sunflower-seed or safflower oil, refined, but not chemically modified supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports.

In Kazakhstan, exports of sunflower-seed or safflower oil, refined, but not chemically modified increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price saw a slight decrease. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%).

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports in Central Asia

In 2022, supplies from abroad of sunflower-seed or safflower oil, refined, but not chemically modified decreased by X% to X tons, falling for the second year in a row after four years of growth. In general, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified shrank remarkably to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports of attained the peak figure at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

Uzbekistan represented the key importer of sunflower-seed or safflower oil, refined, but not chemically modified in Central Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Kazakhstan (X tons) held the second position in the ranking, followed by Kyrgyzstan (X tons), Turkmenistan (X tons) and Tajikistan (X tons). All these countries together held near X% share of total imports. Mongolia (X tons) took a minor share of total imports.

Imports into Uzbekistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkmenistan (X%), Mongolia (X%), Kazakhstan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Tajikistan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mongolia (X p.p.), Turkmenistan (X p.p.), Tajikistan (X p.p.), Kazakhstan (X p.p.) and Kyrgyzstan (X p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) constitutes the largest market for imported sunflower-seed or safflower oil, refined, but not chemically modified in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Kyrgyzstan, with a X% share.

In Uzbekistan, imports of sunflower-seed or safflower oil, refined, but not chemically modified expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Mongolia ($X per ton) and Tajikistan ($X per ton), while Turkmenistan ($X per ton) and Kyrgyzstan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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