Kazakhstan: Refined Cotton-Seed Oil Market 2024

Refined Cotton-Seed Oil Market Size in Kazakhstan

The Kazakh refined cotton-seed oil market rose markedly to $X in 2023, surging by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Refined Cotton-Seed Oil Production in Kazakhstan

In value terms, refined cotton-seed oil production expanded modestly to $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Refined cotton-seed oil production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Refined Cotton-Seed Oil Exports

Exports from Kazakhstan

In 2023, approx. X tons of refined cotton-seed oil were exported from Kazakhstan; declining by X% compared with the year before. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, refined cotton-seed oil exports contracted dramatically to $X in 2023. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then declined significantly in the following year.

Exports by Country

Uzbekistan (X tons), Kyrgyzstan (X tons) and Tajikistan (X tons) were the main destinations of refined cotton-seed oil exports from Kazakhstan, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X), Kyrgyzstan ($X) and Tajikistan ($X) constituted the largest markets for refined cotton-seed oil exported from Kazakhstan worldwide, with a combined X% share of total exports.

Kyrgyzstan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average refined cotton-seed oil export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then reduced slightly in the following year.

Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Kyrgyzstan ($X per ton) and Turkey ($X per ton), while the average price for exports to Tajikistan ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Refined Cotton-Seed Oil Imports

Imports into Kazakhstan

In 2023, supplies from abroad of refined cotton-seed oil was finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. Over the period under review, imports, however, saw a sharp decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, refined cotton-seed oil imports amounted to $X in 2023. Overall, imports, however, recorded a precipitous decrease. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Tajikistan (X tons) constituted the largest supplier of refined cotton-seed oil to Kazakhstan, accounting for a X% share of total imports. Moreover, refined cotton-seed oil imports from Tajikistan exceeded the figures recorded by the second-largest supplier, Russia (X kg), sixfold.

From 2012 to 2023, the average annual growth rate of volume from Tajikistan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Iran (X% per year).

In value terms, Tajikistan ($X) constituted the largest supplier of refined cotton-seed oil to Kazakhstan, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Tajikistan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Iran (X% per year).

Import Prices by Country

The average refined cotton-seed oil import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price recorded a noticeable curtailment. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($X per ton), while the price for Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iran (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform