Central Asia: Oil Crops Market 2024

Oil Crops Market Size in Central Asia

After three years of growth, the Central Asian oil crops market decreased by X% to $X in 2022. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Oil Crops Production in Central Asia

In value terms, oil crops production declined to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Kazakhstan (X tons), Uzbekistan (X tons) and Turkmenistan (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

The average oil crops yield rose sharply to X tons per ha in 2022, picking up by X% against the previous year's figure. Overall, the yield, however, continues to indicate a pronounced descent. Over the period under review, the oil crops yield attained the peak level at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oil crops (primary) production in Central Asia shrank to X ha, with a decrease of X% on 2021. The total harvested area indicated strong growth from 2012 to 2022: its figure 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, oil crops harvested area increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to oil crops production reached the peak figure at X ha in 2021, and then dropped in the following year.

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Oil Crops Exports

Exports in Central Asia

In 2022, shipments abroad of oil crops (primary) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, oil crops exports soared to $X in 2022. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Kazakhstan prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Mongolia (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to oil crops exports from Kazakhstan stood at X%. At the same time, Mongolia (X%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest oil crops supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Mongolia ($X), with a X% share of total exports.

In Kazakhstan, oil crops exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, almost unchanged from the previous year. Export price indicated a modest increase 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, oil crops export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

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

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

Oil Crops Imports

Imports in Central Asia

In 2022, the amount of oil crops (primary) imported in Central Asia soared to X tons, rising by X% against the year before. In general, imports showed significant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, oil crops imports soared to $X in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) dominates imports structure, together comprising X% of total imports. It was distantly followed by Tajikistan (X tons), generating a X% share of total imports. Kyrgyzstan (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported oil crops (primary) in Central Asia, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports. It was followed by Tajikistan, with a X% share.

In Kazakhstan, oil crops imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Tajikistan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Kazakhstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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