Uzbekistan: Soybean Oilcake Market 2024

Soybean Oilcake Market Size in Uzbekistan

The Uzbek soybean oilcake market soared to $X in 2022, surging by X% against the previous year. In general, consumption, however, recorded resilient growth. Soybean oilcake consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Soybean Oilcake Production in Uzbekistan

In value terms, soybean oilcake production fell modestly to $X in 2022 estimated in export price. In general, production, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Soybean Oilcake Exports

Exports from Uzbekistan

In 2022, approx. X tons of soybean oilcake were exported from Uzbekistan; rising by X% compared with the year before. Over the period under review, exports recorded significant growth. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, soybean oilcake exports surged to $X in 2022. Overall, exports posted a significant increase. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Tajikistan (X tons) was the main destination for soybean oilcake exports from Uzbekistan, accounting for a X% share of total exports. It was followed by Kyrgyzstan (X tons), with a X% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of volume to Tajikistan amounted to X%.

In value terms, Tajikistan ($X) emerged as the key foreign market for soybean oilcake exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of value to Tajikistan stood at X%.

Export Prices by Country

In 2022, the average soybean oilcake export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated a resilient expansion from 2017 to 2022: its price increased at an average annual rate of X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Tajikistan totaled $X per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (X%).

Soybean Oilcake Imports

Imports into Uzbekistan

In 2022, after five years of growth, there was significant decline in supplies from abroad of soybean oilcake, when their volume decreased by X% to X tons. Over the period under review, total imports indicated a buoyant expansion from 2017 to 2022: its volume increased at an average annual rate of X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, soybean oilcake imports fell slightly to $X in 2022. Overall, total imports indicated a prominent expansion from 2017 to 2022: its value increased at an average annual rate of X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Lithuania (X tons), Denmark (X tons) and Latvia (X tons) were the main suppliers of soybean oilcake imports to Uzbekistan, with a combined X% share of total imports.

From 2017 to 2022, the biggest increases were recorded for Denmark (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Latvia ($X) and Argentina ($X) appeared to be the largest soybean oilcake suppliers to Uzbekistan, together comprising X% of total imports. Denmark, Russia, Ukraine and Kazakhstan lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Denmark, with a CAGR of X%, saw the highest rates of growth with regard to 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 soybean oilcake import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($X per ton) and Latvia ($X per ton), while the price for Denmark ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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