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

Refined Palm Oil Market Size in CIS

In 2020, the CIS refined palm oil market decreased by -X% to $X, falling for the fifth year in a row after two years of growth. Overall, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Refined Palm Oil Production in CIS

In value terms, refined palm oil production totaled $X in 2020 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Production By Country in CIS

Russia (X tonnes) remains the largest refined palm oil producing country in the CIS, comprising approx. X% of total volume. Moreover, refined palm oil production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan (X tonnes), fivefold. The third position in this ranking was occupied by Uzbekistan (X tonnes), with a X% share.

In Russia, refined palm oil production declined by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Kazakhstan (+X% per year) and Uzbekistan (+X% per year).

Refined Palm Oil Exports

Exports in CIS

In 2020, exports of refined palm oil in the CIS skyrocketed to X tonnes, with an increase of X% against 2019. Overall, exports saw temperate growth. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes. From 2013 to 2020, the growth exports failed to regain the momentum.

In value terms, refined palm oil exports skyrocketed to $X in 2020. In general, exports showed modest growth. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

Exports by Country

The shipments of the two major exporters of refined palm oil, namely Kazakhstan and Russia, represented more than two-thirds of total export.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Russia.

In value terms, Kazakhstan ($X) and Russia ($X) were the countries with the highest levels of exports in 2020, with a combined X% share of total exports.

Russia recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2020, the refined palm oil export price in the CIS amounted to $X per tonne, which is down by -X% against the previous year. Overall, the export price saw a noticeable setback. The pace of growth appeared the most rapid in 2010 when the export price increased by X% year-to-year. The level of export peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was Russia ($X per tonne), while Kazakhstan amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia.

Refined Palm Oil Imports

Imports in CIS

In 2020, refined palm oil imports in the CIS expanded significantly to X tonnes, surging by X% on 2019 figures. Total imports indicated resilient growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2009 indices. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. The volume of import peaked in 2020 and is likely to see steady growth in the near future.

In value terms, refined palm oil imports stood at $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

Russia prevails in refined palm oil imports structure, recording X tonnes, which was near X% of total imports in 2020. Kazakhstan (X tonnes) and Uzbekistan (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to refined palm oil imports into Russia stood at +X%. At the same time, Kazakhstan (+X%) and Uzbekistan (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Kazakhstan increased by +X% percentage points, while Russia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported refined palm oil in the CIS, comprising X% of total imports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value in Russia totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+X% per year) and Uzbekistan (+X% per year).

Import Prices by Country

The refined palm oil import price in the CIS stood at $X per tonne in 2020, remaining constant against the previous year. Over the period under review, the import price showed a mild decrease. The pace of growth was the most pronounced in 2008 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per tonne in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, the country with the highest price was Uzbekistan ($X per tonne), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Uzbekistan, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined palm oil in the CIS?
+
The country with the largest volume of refined palm oil consumption was Russia (2.4M tonnes), comprising approx. 69% of total volume. Moreover, refined palm oil consumption in Russia exceeded the figures recorded by the second-largest consumer, Kazakhstan (301K tonnes), eightfold. The third position in this ranking was occupied by Uzbekistan (204K tonnes), with a 5.8% share.
What are the largest producers of refined palm oil in the CIS?
+
Russia (1.3M tonnes) remains the largest refined palm oil producing country in the CIS, accounting for 57% of total volume. Moreover, refined palm oil production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan (259K tonnes), fivefold. Uzbekistan (184K tonnes) ranked third in terms of total production with a 7.8% share.
What are the leading suppliers of refined palm oil in the CIS?
+
In value terms, Kazakhstan ($490K) and Russia ($487K) were the countries with the highest levels of exports in 2020, together accounting for 99% of total exports.
What are the leading importers of refined palm oil in the CIS?
+
In value terms, Russia ($685M) constitutes the largest market for imported refined palm oil in the CIS, comprising 91% of total imports. The second position in the ranking was occupied by Kazakhstan ($33M), with a 4.4% share of total imports.
What is the average export price for refined palm oil in the CIS?
+
The refined palm oil export price in the CIS stood at $840 per tonne in 2020, which is down by -15.5% against the previous year.
What is the average import price for refined palm oil in the CIS?
+
In 2020, the refined palm oil import price in the CIS amounted to $631 per tonne, flattening at 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 CIS. 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:
• Armenia
• Kyrgyzstan
• Moldova
• Tajikistan

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in CIS, split by region and country
• Trade (exports and imports) in CIS
• 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

• Armenia
• Azerbaijan
• Belarus
• Kazakhstan
• Kyrgyzstan
• Moldova
• Russia
• Tajikistan
• 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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