Central Asia: Soybean Oilcake Market 2024

Soybean Oilcake Market Size in Central Asia

The Central Asian soybean oilcake market expanded significantly to $X in 2022, growing by X% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value 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, consumption increased by X% against 2016 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Soybean Oilcake Production in Central Asia

In value terms, soybean oilcake production reached $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

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Soybean Oilcake Exports

Exports in Central Asia

In 2022, soybean oilcake exports in Central Asia amounted to X tons, with an increase of X% against the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, soybean oilcake exports skyrocketed to $X in 2022. Over the period under review, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. Uzbekistan (X tons) took a relatively small share of total exports.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of exports of soybean oilcake. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Uzbekistan increased by X percentage points.

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

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

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated resilient 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, soybean oilcake export price increased by X% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Soybean Oilcake Imports

Imports in Central Asia

For the sixth consecutive year, Central Asia recorded growth in supplies from abroad of soybean oilcake, which increased by X% to X tons in 2022. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, soybean oilcake imports soared to $X in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Uzbekistan (X tons) was the major importer of soybean oilcake, creating X% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a X% share, followed by Tajikistan (X%). Turkmenistan (X tons) and Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to soybean oilcake imports into Uzbekistan stood at X%. At the same time, Turkmenistan (X%), Tajikistan (X%), Kazakhstan (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 2012-2022. From 2012 to 2022, the share of Uzbekistan increased by X percentage points.

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

In Uzbekistan, soybean oilcake imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (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. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Kyrgyzstan ($X per ton) and Tajikistan ($X per ton), while Turkmenistan ($X per ton) and Kazakhstan ($X per ton) were 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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