CIS: Soybean Oilcake Market 2024

Soybean Oilcake Market Size in CIS

The CIS soybean oilcake market rose modestly to $X in 2022, picking up by X% against the previous year. In general, consumption, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2020 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Soybean Oilcake Production in CIS

In value terms, soybean oilcake production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild descent. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Soybean Oilcake Exports

Exports in CIS

In 2022, overseas shipments of soybean oilcake decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, soybean oilcake exports amounted to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Russia was the major exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Belarus (X tons), mixing up a X% share of total exports. Kazakhstan (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the soybean oilcake exports, with a CAGR of X% from 2012 to 2022. At the same time, Belarus (X%) displayed positive paces of growth. Kazakhstan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Russia increased by X percentage points.

In value terms, Russia ($X) remains the largest soybean oilcake supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports.

In Russia, soybean oilcake exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price 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, soybean oilcake export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

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

Soybean Oilcake Imports

Imports in CIS

After five years of growth, overseas purchases of soybean oilcake decreased by X% to X tons in 2022. Total imports indicated a temperate increase from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X tons in 2021, and then declined notably in the following year.

In value terms, soybean oilcake imports fell to $X in 2022. In general, imports, however, continue to indicate a notable expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Belarus (X tons) was the major importer of soybean oilcake, committing X% of total imports. Uzbekistan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Azerbaijan (X%), Kazakhstan (X%) and Tajikistan (X%). Moldova (X tons) and Armenia (X tons) held a little share of total imports.

Imports into Belarus increased at an average annual rate of X% from 2012 to 2022. At the same time, Tajikistan (X%), Kazakhstan (X%), Azerbaijan (X%), Moldova (X%), Uzbekistan (X%) and Armenia (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Uzbekistan, Azerbaijan, Kazakhstan, Tajikistan and Moldova increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X), Uzbekistan ($X) and Azerbaijan ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Azerbaijan, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform

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