Kazakhstan: Soya Bean Market 2024

Soya Bean Market Size in Kazakhstan

The Kazakh soya bean market declined to $X in 2022, dropping by X% against the previous year. Overall, the total consumption indicated a strong increase 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 2016 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted in the following year.

Soya Bean Production in Kazakhstan

In value terms, soya bean production declined slightly to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The average yield of soya beans in Kazakhstan contracted to X tons per ha in 2022, remaining relatively unchanged against the year before. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. The soya bean yield peaked at X tons per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The soya bean harvested area in Kazakhstan rose notably to X ha in 2022, growing by X% compared with the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. The soya bean harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Soya Bean Exports

Exports from Kazakhstan

In 2022, overseas shipments of soya beans were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, soya bean exports surged to $X in 2022. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Uzbekistan (X tons) was the main destination for soya bean exports from Kazakhstan, accounting for a X% share of total exports. Moreover, soya bean exports to Uzbekistan exceeded the volume sent to the second major destination, Sweden (X tons), sixfold. Latvia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uzbekistan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Latvia (X% per year).

In value terms, Uzbekistan ($X) emerged as the key foreign market for soya beans exports from Kazakhstan, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Uzbekistan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Latvia (X% per year).

Export Prices by Country

In 2022, the average soya bean export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price 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, soya bean export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Bean Imports

Imports into Kazakhstan

Soya bean imports into Kazakhstan was estimated at X tons in 2022, increasing by X% on the year before. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, soya bean imports rose remarkably to $X in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Russia (X tons) was the main supplier of soya bean to Kazakhstan, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at X%.

In value terms, Russia ($X) constituted the largest supplier of soya beans to Kazakhstan.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to X%.

Import Prices by Country

The average soya bean import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :