Kazakhstan: Virgin Olive Oil Market 2024

Virgin Olive Oil Market Size in Kazakhstan

In 2022, after four years of growth, there was significant decline in the Kazakh virgin olive oil market, when its value decreased by X% to $X. In general, the total consumption indicated a tangible 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 increased by X% against 2015 indices. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Virgin Olive Oil Exports

Exports from Kazakhstan

In 2022, virgin olive oil exports from Kazakhstan soared to X tons, jumping by X% compared with 2021 figures. In general, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, virgin olive oil exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Kyrgyzstan (X tons) was the main destination for virgin olive oil exports from Kazakhstan, with a X% share of total exports. It was followed by Russia (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Kyrgyzstan totaled X%.

In value terms, Kyrgyzstan ($X) emerged as the key foreign market for virgin olive oil exports from Kazakhstan, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

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

Export Prices by Country

The average virgin olive oil export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kyrgyzstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Virgin Olive Oil Imports

Imports into Kazakhstan

In 2022, overseas purchases of virgin olive oil decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, total imports indicated notable growth from 2012 to 2022: its volume 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, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, virgin olive oil imports contracted to $X in 2022. In general, total imports indicated moderate 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of virgin olive oil imports to Kazakhstan, with a combined X% share of total imports. Russia and Greece lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest virgin olive oil suppliers to Kazakhstan were Spain ($X), Italy ($X) and Russia ($X), with a combined X% share of total imports.

Russia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average virgin olive oil import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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