Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kazakhstan - 2022

Contents:

  1. Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kazakhstan (FOB) - 2022
  2. Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kazakhstan (CIF) - 2022
  3. Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kazakhstan
  4. Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kazakhstan

Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kazakhstan (FOB) - 2022

In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $1,251 per ton, shrinking by -7.4% against the previous year. Overall, the export price, however, continues to indicate modest growth. The pace of growth was the most pronounced in 2021 an increase of 46%. Over the period under review, the average export prices hit record highs at $1,627 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($1,375 per ton), while the average price for exports to China stood at $1,248 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.8%).

Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kazakhstan (CIF) - 2022

The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $2,378 per ton in 2022, waning by -25% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average import price increased by 57% against the previous year. Over the period under review, average import prices attained the maximum at $3,173 per ton in 2021, and then reduced markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($2,539 per ton), while the price for Kyrgyzstan stood at $1,465 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.7%), while the prices for the other major suppliers experienced a decline.

Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kazakhstan

In 2022, the amount of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds exported from Kazakhstan fell notably to 14K tons, which is down by -19.9% compared with the previous year's figure. Overall, exports showed a sharp decline. The smallest decline of -8.7% was in 2020.

In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds fell markedly to $18M in 2022. Over the period under review, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by 7.2% against the previous year. As a result, the exports reached the peak of $24M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kazakhstan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China22.423.923.517.3-8.3%
Others0.30.40.40.410.1%
Total22.724.423.917.7-8.0%

Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Kazakhstan in 2022:

  1. China (13.9K tons)

Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kazakhstan

In 2022, after two years of decline, there was significant growth in purchases abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds, when their volume increased by 143% to 73 tons. In general, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds surged to $173K in 2022. Overall, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kazakhstan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia15612985.51570.2%
KyrgyzstanN/A2.57.716.1153.8%
Others3.11.71.60.1-68.2%
Total15913494.81732.9%

Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Kazakhstan in 2022:

  1. Russia (61.7 tons)
  2. Kyrgyzstan (11.0 tons)

Source: IndexBox Market Intelligence Platform

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