Kazakhstan: Peanut Butter Market Overview 2021

Peanut Butter Market Size in Kazakhstan

After three years of growth, the Kazakh peanut butter market decreased by -X% to $X in 2019. Overall, the total consumption indicated a remarkable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2018, and then reduced sharply in the following year.

Peanut Butter Production in Kazakhstan

In value terms, peanut butter production reduced sharply to $X in 2019 estimated in export prices. In general, the total production indicated a temperate expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% year-to-year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2019, production remained at a lower figure.

Peanut Butter Exports

Exports from Kazakhstan

In 2019, shipments abroad of peanut butter and prepared or preserved groundnuts decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

In value terms, peanut butter exports rose sharply to $X in 2019. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Exports peaked at $X in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

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 2019, the average annual growth rate of volume to Russia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+X% per year) and Germany (+X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value to Russia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+X% per year) and Germany (+X% per year).

Export Prices by Country

The average peanut butter export price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Kyrgyzstan ($X per tonne), while the average price for exports to Russia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan, while the prices for the other major destinations experienced mixed trend patterns.

Peanut Butter Imports

Imports into Kazakhstan

In 2019, approx. X tonnes of peanut butter and prepared or preserved groundnuts were imported into Kazakhstan; increasing by X% on 2018 figures. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure in 2019 and are likely to see steady growth in the near future.

In value terms, peanut butter imports skyrocketed to $X in 2019. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

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

From 2007 to 2019, the biggest increases were in Uzbekistan (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of peanut butter to Kazakhstan, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the UK (+X% per year).

Import Prices by Country

The average peanut butter import price stood at $X per tonne in 2019, picking up by X% against the previous year. Overall, the import price, however, recorded a slight decrease. Over the period under review, average import prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Russia ($X per tonne), while the price for Uzbekistan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Viet Nam, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI 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 (859K tonnes) constituted the country with the largest volume of peanut butter consumption, comprising approx. 17% of total volume. Moreover, peanut butter consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (374K tonnes), twofold. India (332K tonnes) ranked third in terms of total consumption with a 6.5% share.

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

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China (1.2M tonnes) remains the largest peanut butter producing country worldwide, accounting for 23% of total volume. Moreover, peanut butter production in China exceeded the figures recorded by the second-largest producer, the U.S. (408K tonnes), threefold. The third position in this ranking was occupied by India (352K tonnes), with a 6.7% share.

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

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In value terms, Russia ($6M) constituted the largest supplier of peanut butter to Kazakhstan, comprising 59% of total imports. The second position in the ranking was occupied by China ($1.8M), with a 17% share of total imports. It was followed by the UK, with a 8.9% share.

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

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In value terms, Russia ($203K) remains the key foreign market for peanut butter exports from Kazakhstan, comprising 64% of total exports. The second position in the ranking was occupied by Kyrgyzstan ($101K), with a 32% share of total exports.

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

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The average peanut butter export price stood at $2,387 per tonne in 2019, rising by 14% against the previous year.

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

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The average peanut butter import price stood at $1,810 per tonne in 2019, increasing by 20% against the previous year.