Kazakhstan: Soybean Oilcake Market 2024

Soybean Oilcake Market Size in Kazakhstan

The Kazakh soybean oilcake market rose remarkably to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Soybean oilcake consumption peaked in 2022 and is likely to continue growth in the near future.

Soybean Oilcake Production in Kazakhstan

In value terms, soybean oilcake production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Soybean Oilcake Exports

Exports from Kazakhstan

Soybean oilcake exports from Kazakhstan amounted to X tons in 2022, therefore, remained relatively stable against the previous year. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, soybean oilcake exports surged to $X in 2022. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Tajikistan (X tons) was the main destination for soybean oilcake exports from Kazakhstan, with a X% share of total exports. Moreover, soybean oilcake exports to Tajikistan exceeded the volume sent to the second major destination, Latvia (X tons), threefold. The third position in this ranking was held by Uzbekistan (X tons), with a X% share.

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

In value terms, Tajikistan ($X), Latvia ($X) and Uzbekistan ($X) appeared to be the largest markets for soybean oilcake exported from Kazakhstan worldwide, with a combined X% share of total exports.

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

Export Prices by Country

The average soybean oilcake export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, export price indicated prominent 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, soybean oilcake export price increased by X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, 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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Soybean Oilcake Imports

Imports into Kazakhstan

In 2022, approx. X tons of soybean oilcake were imported into Kazakhstan; jumping by X% against 2021. Overall, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, soybean oilcake imports soared to $X in 2022. In general, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of soybean oilcake to Kazakhstan, accounting for a X% share of total imports. Moreover, soybean oilcake imports from Russia exceeded the figures recorded by the second-largest supplier, Argentina (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Brazil (X% per year).

In value terms, Russia ($X) constituted the largest supplier of soybean oilcake to Kazakhstan, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Brazil (X% per year).

Import Prices by Country

The average soybean oilcake import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Russia ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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