Central Asia: Sunflower Oilcake Market 2024

Sunflower Oilcake Market Size in Central Asia

The Central Asian sunflower oilcake market declined to $X in 2022, waning by X% against the previous year. The total consumption indicated a moderate 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, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Sunflower Oilcake Production in Central Asia

In value terms, sunflower oilcake production declined modestly to $X in 2022 estimated in export price. The total production indicated resilient 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Sunflower Oilcake Exports

Exports in Central Asia

In 2022, exports of sunflower oilcake in Central Asia skyrocketed to X tons, rising by X% on 2021. Overall, exports showed a significant increase. The growth pace was the most rapid in 2014 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, sunflower oilcake exports soared to $X in 2022. Over the period under review, exports enjoyed a significant increase. 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

In 2022, Kazakhstan (X tons) represented the main exporter of sunflower oilcake in Central Asia, achieving X% of total export.

Kazakhstan was also the fastest-growing in terms of the sunflower oilcake exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest sunflower oilcake supplier in Central Asia.

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, which is down by X% against the previous year. Export price indicated a measured 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, sunflower oilcake export price increased by X% against 2017 indices. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Sunflower Oilcake Imports

Imports in Central Asia

In 2022, sunflower oilcake imports in Central Asia skyrocketed to X tons, surging by X% against 2021. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, sunflower oilcake imports soared to $X in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Uzbekistan was the main importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Tajikistan (X tons) and Kazakhstan (X tons), together constituting a X% share of total imports. Kyrgyzstan (X tons) took a minor share of total imports.

Uzbekistan was also the fastest-growing in terms of the sunflower oilcake imports, with a CAGR of X% from 2012 to 2022. At the same time, Tajikistan (X%) and Kazakhstan (X%) displayed positive paces of growth. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan increased by X percentage points.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan amounted to X%. In the other countries, the average annual rates were as follows: Tajikistan (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, with a decrease of X% against the previous year. Import price indicated a notable expansion 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, sunflower oilcake import price increased by X% against 2017 indices. The growth pace was the most rapid in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tajikistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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