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

Refined Palm Oil Market Size in Central Asia

The Central Asian refined palm oil market was finally on the rise to reach $X in 2020, after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Refined Palm Oil Production in Central Asia

In value terms, refined palm oil production surged to $X in 2020 estimated in export prices. The total production indicated a moderate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2020, production failed to regain the momentum.

Production By Country in Central Asia

The countries with the highest volumes of refined palm oil production in 2020 were Kazakhstan (X tonnes), Uzbekistan (X tonnes) and Turkmenistan (X tonnes), with a combined X% share of total production.

From 2007 to 2020, the biggest increases were in Uzbekistan, while refined palm oil production for the other leaders experienced more modest paces of growth.

Refined Palm Oil Exports

Exports by Country

In 2020, Kazakhstan (X tonnes) was the largest exporter of refined palm oil in Central Asia, mixing up X% of total export.

Kazakhstan was also the fastest-growing in terms of the refined palm oil exports, with a CAGR of -X% from 2007 to 2020. While the share of Kazakhstan (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In Kazakhstan, refined palm oil exports plunged by an average annual rate of -X% over the period from 2007-2020.

Export Prices by Country

In 2020, the refined palm oil export price in Central Asia amounted to $X per tonne, flattening at-% against the previous year. Over the period from 2007 to 2020, it decreased at an average annual rate of nan%. The growth pace was the most rapid in 2010 when the export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2011 to 2020, the growth in terms of the export prices failed to regain the momentum.

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

From 2007 to 2020, the rate of growth in terms of prices for Kazakhstan amounted to -X% per year.

Refined Palm Oil Imports

Imports in Central Asia

In 2020, the amount of refined palm oil imported in Central Asia reached X tonnes, increasing by X% on the previous year's figure. In general, imports posted a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, refined palm oil imports rose sharply to $X in 2020. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan represented the main importing country with an import of around X tonnes, which accounted for X% of total imports. It was distantly followed by Uzbekistan (X tonnes) and Kyrgyzstan (X tonnes), together committing a X% share of total imports. Mongolia (X tonnes) and Turkmenistan (X tonnes) followed a long way behind the leaders.

Imports into Kazakhstan increased at an average annual rate of +X% from 2007 to 2020. At the same time, Turkmenistan (+X%), Uzbekistan (+X%) and Kyrgyzstan (+X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +X% from 2007-2020. Mongolia experienced a relatively flat trend pattern. Kazakhstan (+X p.p.) significantly strengthened its position in terms of the total imports, while Kyrgyzstan, Mongolia and Uzbekistan saw its share reduced by -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X) constituted the countries with the highest levels of imports in 2020, with a combined X% share of total imports. These countries were followed by Mongolia and Turkmenistan, which together accounted for a further X recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The refined palm oil import price in Central Asia stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the import price increased by X% year-to-year. Over the period under review, import prices attained the peak figure at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Kyrgyzstan ($X per tonne) and Uzbekistan ($X per tonne), while Kazakhstan ($X per tonne) and Mongolia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mongolia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined palm oil in Central Asia?
+
The countries with the highest volumes of refined palm oil consumption in 2020 were Kazakhstan (301K tonnes), Uzbekistan (204K tonnes) and Turkmenistan (108K tonnes), together accounting for 79% of total consumption.
What are the largest producers of refined palm oil in Central Asia?
+
The countries with the highest volumes of refined palm oil production in 2020 were Kazakhstan (259K tonnes), Uzbekistan (184K tonnes) and Turkmenistan (106K tonnes), together accounting for 78% of total production.
What are the leading importers of refined palm oil in Central Asia?
+
In value terms, Kazakhstan ($33M), Uzbekistan ($18M) and Kyrgyzstan ($2.8M) constituted the countries with the highest levels of imports in 2020, with a combined 93% share of total imports. These countries were followed by Mongolia and Turkmenistan, which together accounted for a further 5.9%.
What is the average export price for refined palm oil in Central Asia?
+
In 2020, the refined palm oil export price in Central Asia amounted to $784 per tonne, flattening at-% against the previous year.
What is the average import price for refined palm oil in Central Asia?
+
The refined palm oil import price in Central Asia stood at $805 per tonne in 2020, surging by 3.9% against the previous year.

Product coverage:
• Prodcom 10415700 - Refined palm oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined palm 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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