Kazakhstan: Chemically Modified Oils Market 2023

Chemically Modified Oils Market Size in Kazakhstan

The Kazakh chemically modified oils market was estimated at $X in 2021, picking up by 1.8% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Chemically modified oils consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Chemically Modified Oils Production in Kazakhstan

In value terms, chemically modified oils production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 13%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Chemically Modified Oils Exports

Exports from Kazakhstan

In 2021, shipments abroad of animal or vegetable fats and oils chemically modified increased by 147% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt decline. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, chemically modified oils exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt decline. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for chemically modified oils exports from Kazakhstan, with a 88% share of total exports. Moreover, chemically modified oils exports to Afghanistan exceeded the volume sent to the second major destination, Russia (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Afghanistan stood at -16.0%.

In value terms, Afghanistan ($X) remains the key foreign market for chemically modified oils exports from Kazakhstan, comprising 93% of total exports. The second position in the ranking was held by Russia ($X), with a 6.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Afghanistan amounted to -14.5%.

Export Prices by Country

In 2021, the average chemically modified oils export price amounted to $X per ton, growing by 5.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 13%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Afghanistan ($X per ton), while the average price for exports to Russia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+1.9%).

Chemically Modified Oils Imports

Imports into Kazakhstan

Chemically modified oils imports into Kazakhstan skyrocketed to X tons in 2021, surging by 290% on the previous year's figure. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 413%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, chemically modified oils imports surged to $X in 2021. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 291%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Russia (X tons) was the main supplier of chemically modified oils to Kazakhstan, accounting for a 92% share of total imports. Moreover, chemically modified oils imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +43.6%.

In value terms, Russia ($X) constituted the largest supplier of chemically modified oils to Kazakhstan, comprising 84% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +31.3%.

Import Prices by Country

In 2021, the average chemically modified oils import price amounted to $X per ton, with a decrease of -13.2% against the previous year. In general, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 29%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Russia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-8.6%).

Source: IndexBox Market Intelligence Platform

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