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Central Asia - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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Central Asia: Refined Olive Oil Market Overview 2021

Refined Olive Oil Market Size in Central Asia

The Central Asian refined olive oil market shrank to $X in 2019, therefore, remained relatively stable against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2016 to 2019, the growth of the market remained at a somewhat lower figure.

Refined Olive Oil Production in Central Asia

In value terms, refined olive oil production contracted modestly to $X in 2019 estimated in export prices. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2016 to 2019, production growth failed to regain the momentum.

Production By Country in Central Asia

The countries with the highest volumes of refined olive oil production in 2019 were Kazakhstan (X tonnes), Uzbekistan (X tonnes) and Turkmenistan (X tonnes), with a combined X% share of total production.

From 2007 to 2019, the most notable rate of growth in terms of refined olive oil production, amongst the leading producing countries, was attained by Kazakhstan, while refined olive oil production for the other leaders experienced more modest paces of growth.

Refined Olive Oil Exports

Exports in Central Asia

After three years of growth, shipments abroad of refined olive oil decreased by -X% to X tonnes in 2019. Overall, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tonnes in 2018, and then shrank in the following year.

In value terms, refined olive oil exports reached $X in 2019. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. The level of export peaked in 2019 and is likely to see steady growth in years to come.

Exports by Country

Uzbekistan was the largest exporting country with an export of around X tonnes, which finished at X% of total exports. It was distantly followed by Kazakhstan (X tonnes), comprising a X% share of total exports.

Uzbekistan was also the fastest-growing in terms of the refined olive oil exports, with a CAGR of +X% from 2007 to 2019. Kazakhstan experienced a relatively flat trend pattern. While the share of Uzbekistan (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of Kazakhstan (-X p.p.) displayed negative dynamics.

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

In Uzbekistan, refined olive oil exports increased at an average annual rate of +X% over the period from 2007-2019.

Export Prices by Country

The refined olive oil export price in Central Asia stood at $X per tonne in 2019, jumping by X% against the previous year. Overall, the export price saw a measured expansion. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. Over the period under review, export prices hit record highs in 2019 and is likely to see steady growth in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was Uzbekistan ($X per tonne), while Kazakhstan amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Uzbekistan.

Refined Olive Oil Imports

Imports in Central Asia

Refined olive oil imports dropped significantly to X tonnes in 2019, falling by -X% compared with the year before. Over the period under review, imports, however, saw measured growth. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, refined olive oil imports shrank remarkably to $X in 2019. Overall, imports, however, enjoyed notable growth. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

Kazakhstan represented the major importing country with an import of about X tonnes, which amounted to X% of total imports. Mongolia (X tonnes) occupied the second position in the ranking, distantly followed by Uzbekistan (X tonnes) and Turkmenistan (X tonnes). All these countries together held near X% share of total imports. Kyrgyzstan (X tonnes) and Tajikistan (X tonnes) held a little share of total imports.

Imports into Kazakhstan increased at an average annual rate of +X% from 2007 to 2019. At the same time, Tajikistan (+X%), Uzbekistan (+X%) and Turkmenistan (+X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +X% from 2007-2019. Mongolia experienced a relatively flat trend pattern. By contrast, Kyrgyzstan (-X%) illustrated a downward trend over the same period. Kazakhstan (+X p.p.) and Uzbekistan (+X p.p.) significantly strengthened its position in terms of the total imports, while Kyrgyzstan and Mongolia saw its share reduced by -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Kazakhstan, refined olive oil imports expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Mongolia (+X% per year) and Uzbekistan (+X% per year).

Import Prices by Country

In 2019, the refined olive oil import price in Central Asia amounted to $X per tonne, growing by X% against the previous year. Overall, the import price, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2017 when the import price increased by X% y-o-y. The level of import peaked at $X per tonne in 2009; however, from 2010 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Turkmenistan ($X per tonne), while Kazakhstan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Turkmenistan, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined olive oil in Central Asia?
+
The countries with the highest volumes of refined olive oil consumption in 2019 were Kazakhstan (17K tonnes), Uzbekistan (9.6K tonnes) and Turkmenistan (6.3K tonnes), with a combined 79% share of total consumption.
What are the largest producers of refined olive oil in Central Asia?
+
The countries with the highest volumes of refined olive oil production in 2019 were Kazakhstan (17K tonnes), Uzbekistan (9.5K tonnes) and Turkmenistan (6.3K tonnes), with a combined 79% share of total production.
What are the leading suppliers of refined olive oil in Central Asia?
+
In value terms, Uzbekistan ($75K) remains the largest refined olive oil supplier in Central Asia, comprising 87% of total exports. The second position in the ranking was occupied by Kazakhstan ($11K), with a 13% share of total exports.
What are the leading importers of refined olive oil in Central Asia?
+
In value terms, Kazakhstan ($625K) constitutes the largest market for imported refined olive oil in Central Asia, comprising 53% of total imports. The second position in the ranking was occupied by Mongolia ($240K), with a 20% share of total imports. It was followed by Uzbekistan, with a 10% share.
What is the average export price for refined olive oil in Central Asia?
+
In 2019, the refined olive oil export price in Central Asia amounted to $5,141 per tonne, rising by 23% against the previous year.
What is the average import price for refined olive oil in Central Asia?
+
In 2019, the refined olive oil import price in Central Asia amounted to $2,917 per tonne, surging by 16% against the previous year.

Product coverage:
• Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined olive 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 2025.


Country coverage:
• Kyrgyzstan
• Mongolia
• Tajikistan
• Turkmenistan

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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Kazakhstan
• Kyrgyzstan
• Mongolia
• Tajikistan
• Turkmenistan
• Uzbekistan
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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