Kazakhstan: Peanut Butter Market Overview 2021

Peanut Butter Market Size in Kazakhstan

In 2020, the Kazakh peanut butter market decreased by -X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, the total consumption indicated a notable increase from 2007 to 2020: its value 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, consumption decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Peanut butter consumption peaked at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Peanut Butter Production in Kazakhstan

In value terms, peanut butter production reduced to $X in 2020 estimated in export prices. Overall, production enjoyed a measured increase. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Peanut Butter Exports

Exports from Kazakhstan

For the seventh consecutive year, Kazakhstan recorded growth in shipments abroad of peanut butter and prepared or preserved groundnuts, which increased by X% to X tonnes in 2020. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Exports peaked in 2020 and are expected to retain growth in years to come.

In value terms, peanut butter exports surged to $X in 2020. In general, exports recorded significant growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Exports peaked in 2020 and are likely to see steady growth in the near future.

Exports by Country

Russia (X tonnes) was the main destination for peanut butter exports from Kazakhstan, accounting for a X% share of total exports. Moreover, peanut butter exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X tonnes), fivefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Russia amounted to +X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value to Russia totaled +X%.

Export Prices by Country

The average peanut butter export price stood at $X per tonne in 2020, which is down by -X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Kyrgyzstan ($X per tonne), while the average price for exports to Russia stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Russia.

Peanut Butter Imports

Imports into Kazakhstan

Peanut butter imports into Kazakhstan contracted sharply to X tonnes in 2020, shrinking by -X% against 2019 figures. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. from 2018 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, peanut butter imports declined remarkably to $X in 2020. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

China (X tonnes), Russia (X tonnes) and the UK (X tonnes) were the main suppliers of peanut butter imports to Kazakhstan, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Russia ($X) and the UK ($X) appeared to be the largest peanut butter suppliers to Kazakhstan, together comprising X% of total imports.

In terms of the main suppliers, China saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average peanut butter import price stood at $X per tonne in 2020, growing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peanut butter and prepared or preserved groundnuts in the world?

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China (974K tonnes) constituted the country with the largest volume of peanut butter consumption, comprising approx. 19% of total volume. Moreover, peanut butter consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (389K tonnes), threefold. India (350K tonnes) ranked third in terms of total consumption with a 6.8% share.

What are the largest producers of peanut butter and prepared or preserved groundnuts in the world?

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The country with the largest volume of peanut butter production was China (1.2M tonnes), comprising approx. 24% of total volume. Moreover, peanut butter production in China exceeded the figures recorded by the second-largest producer, the U.S. (418K tonnes), threefold. India (397K tonnes) ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of peanut butter and prepared or preserved groundnuts to Kazakhstan?

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In value terms, the largest peanut butter suppliers to Kazakhstan were China ($3.7M), Russia ($2.2M) and the UK ($424K), together comprising 95% of total imports.

What are the leading importers of peanut butter and prepared or preserved groundnuts from Kazakhstan?

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In value terms, Russia ($162K) emerged as the key foreign market for peanut butter exports from Kazakhstan, comprising 69% of total exports. The second position in the ranking was occupied by Kyrgyzstan ($72K), with a 31% share of total exports.

What is the average export price for peanut butter and prepared or preserved groundnuts in Kazakhstan?

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In 2020, the average peanut butter export price amounted to $1,180 per tonne, shrinking by -21.8% against the previous year.

What is the average import price for peanut butter and prepared or preserved groundnuts in Kazakhstan?

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In 2020, the average peanut butter import price amounted to $2,011 per tonne, rising by 11% against the previous year.