CIS: Oil Crops Market 2024

Oil Crops Market Size in CIS

The CIS oil crops market contracted slightly to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then reduced slightly in the following year.

Oil Crops Production in CIS

In value terms, oil crops production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The country with the largest volume of oil crops production was Russia (X tons), comprising approx. X% of total volume. Moreover, oil crops production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan (X tons), ninefold. Uzbekistan (X tons) ranked third in terms of total production with a X% share.

In Russia, oil crops production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

In 2022, the average yield of oil crops (primary) in the CIS stood at X tons per ha, approximately reflecting the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the oil crops yield hit record highs at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of oil crops (primary) in the CIS shrank to X ha, which is down by X% on the previous year's figure. The total harvested area indicated a perceptible increase from 2012 to 2022: its figure 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, oil crops harvested area increased by X% against 2012 indices. The growth pace was the most rapid in 2021 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha, and then declined in the following year.

Oil Crops Exports

Exports in CIS

In 2022, exports of oil crops (primary) in the CIS soared to X tons, picking up by X% compared with the year before. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, oil crops exports soared to $X in 2022. Over the period under review, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia represented the main exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Kazakhstan (X tons) and Moldova (X tons), together generating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to oil crops exports from Russia stood at X%. At the same time, Moldova (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. While the share of Moldova (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest oil crops supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

In Russia, oil crops exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Moldova (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, picking up by X% against the previous year. Export price indicated modest 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, oil crops export price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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

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

Oil Crops Imports

Imports in CIS

In 2022, supplies from abroad of oil crops (primary) was finally on the rise to reach X tons after two years of decline. In general, imports recorded a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, oil crops imports surged to $X in 2022. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

Russia was the main importer of oil crops (primary) in the CIS, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Belarus (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (X%) and Uzbekistan (X%). Moldova (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Moldova (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Belarus ($X) and Kazakhstan ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Belarus, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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

In 2022, the import price in the CIS amounted to $X per ton, surging by X% against the previous year. Import price indicated a modest 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, oil crops import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Moldova ($X per ton), while Uzbekistan ($X per ton) was 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 mixed trends in the import price figures.

Source: IndexBox Platform

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