Report Update Apr 1, 2024

Central Asia - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Central Asia: Refined Groundnut Oil Market 2024

Refined Groundnut Oil Market Size in Central Asia

The Central Asian refined groundnut oil market amounted to $X in 2022, remaining stable against the previous year. Overall, consumption, however, saw resilient growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Refined Groundnut Oil Production in Central Asia

In value terms, refined groundnut oil production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Refined Groundnut Oil Exports

Exports in Central Asia

After two years of growth, overseas shipments of refined groundnut oil decreased by X% to X kg in 2021. In general, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, refined groundnut oil exports fell significantly to $X in 2021. Overall, exports showed a sharp contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Uzbekistan (X kg) represented roughly X% of total exports in 2021.

Uzbekistan was also the fastest-growing in terms of the refined groundnut oil exports, with a CAGR of X% from 2013 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) also remains the largest refined groundnut oil supplier in Central Asia.

From 2013 to 2021, the average annual growth rate of value in Uzbekistan stood at X%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, standing approx. at the previous year. In general, the export price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Uzbekistan.

From 2013 to 2021, the rate of growth in terms of prices for Uzbekistan amounted to X% per year.

Refined Groundnut Oil Imports

Imports in Central Asia

After two years of growth, supplies from abroad of refined groundnut oil decreased by X% to X tons in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, refined groundnut oil imports declined to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

Kazakhstan (X kg) and Mongolia (X kg) represented roughly X% of total imports in 2022. It was distantly followed by Tajikistan (X kg), committing a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Tajikistan (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Kazakhstan ($X) constitutes the largest market for imported refined groundnut oil in Central Asia, comprising X% of total imports. The second position in the ranking was held by Mongolia ($X), with an X% share of total imports.

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

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in the near future.

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 Kazakhstan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined groundnut oil in Central Asia?

The countries with the highest volumes of consumption in 2023 were Kazakhstan, Uzbekistan and Turkmenistan, with a combined 80% share of total consumption.

What are the largest producers of refined groundnut oil in Central Asia?

The countries with the highest volumes of production in 2022 were Kazakhstan, Uzbekistan and Turkmenistan, with a combined 80% share of total production.

What are the leading suppliers of refined groundnut oil in Central Asia?

In value terms, Uzbekistan $479) remains the largest refined groundnut oil supplier in Central Asia.

What are the leading importers of refined groundnut oil in Central Asia?

In value terms, Kazakhstan constitutes the largest market for imported refined groundnut oil in Central Asia, comprising 73% of total imports. The second position in the ranking was held by Mongolia $938), with an 18% share of total imports.

What is the average export price for refined groundnut oil in Central Asia?

In 2021, the export price in Central Asia amounted to $2,303 per ton, stabilizing at the previous year.

What is the average import price for refined groundnut oil in Central Asia?

The import price in Central Asia stood at $4,877 per ton in 2022, with an increase of 66% against the previous year.

This report provides an in-depth analysis of the refined groundnut oil market in Central Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)

Country coverage:

Kazakhstan
Kyrgyzstan
Mongolia
Tajikistan
Turkmenistan
Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Central Asia, split by region and country
Trade (exports and imports) in Central Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Kazakhstan
- Kyrgyzstan
- Mongolia
- Tajikistan
- Turkmenistan
- Uzbekistan
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023