Central Asia: Crude Rapeseed Oil Market 2024

Crude Rapeseed Oil Market Size in Central Asia

In 2022, after two years of growth, there was significant decline in the Central Asian crude rapeseed oil market, when its value decreased by X% to $X. Overall, consumption recorded a mild decrease. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Crude Rapeseed Oil Production in Central Asia

In value terms, crude rapeseed oil production fell to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Crude Rapeseed Oil Exports

Exports in Central Asia

In 2022, shipments abroad of crude rape, colza or mustard oil was finally on the rise to reach X tons after two years of decline. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude rapeseed oil exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

In 2022, Kazakhstan (X tons) was the major exporter of crude rape, colza or mustard oil in Central Asia, creating X% of total export.

Kazakhstan was also the fastest-growing in terms of the crude rape, colza or mustard oil exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest crude rapeseed oil supplier in Central Asia.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan totaled X%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated tangible growth 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, crude rapeseed oil export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2022 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 Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Crude Rapeseed Oil Imports

Imports in Central Asia

Crude rapeseed oil imports reduced slightly to X tons in 2022, almost unchanged from 2021 figures. Overall, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, crude rapeseed oil imports shrank to $X in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

Tajikistan dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. Uzbekistan (X tons) and Kazakhstan (X tons) held a relatively small share of total imports.

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

In value terms, Tajikistan ($X) constitutes the largest market for imported crude rape, colza or mustard oil in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Tajikistan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Tajikistan ($X per ton) was 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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