Uzbekistan - Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Sunflower-Seed and Safflower Oil in Uzbekistan - 2023
Contents:
- Price for Sunflower-Seed and Safflower Oil in Uzbekistan (CIF) - 2023
- Price for Sunflower-Seed and Safflower Oil in Uzbekistan (FOB) - 2022
- Imports of Sunflower-Seed and Safflower Oil in Uzbekistan
- Exports of Sunflower-Seed and Safflower Oil in Uzbekistan
Price for Sunflower-Seed and Safflower Oil in Uzbekistan (CIF) - 2023
The average sunflower-seed and safflower oil import price stood at $946 per ton in May 2023, with a decrease of -10.5% against the previous month. In general, the import price saw a noticeable shrinkage. The pace of growth appeared the most rapid in June 2022 an increase of 23% m-o-m. As a result, import price reached the peak level of $1,819 per ton. From July 2022 to May 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In May 2023, the country with the highest price was Russia ($1,014 per ton), while the price for Kazakhstan stood at $861 per ton.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (-4.2%).
Price for Sunflower-Seed and Safflower Oil in Uzbekistan (FOB) - 2022
In 2022, the average sunflower-seed and safflower oil export price amounted to $1,677 per ton, surging by 14% against the previous year. Overall, the export price posted a significant expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 63%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Afghanistan ($1,684 per ton), while the average price for exports to Tajikistan amounted to $1,219 per ton.
From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+27.6%).
Imports of Sunflower-Seed and Safflower Oil in Uzbekistan
In 2022, overseas purchases of sunflower-seed and safflower oil decreased by -17.3% to 160K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2020 when imports increased by 15% against the previous year. As a result, imports reached the peak of 249K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, sunflower-seed and safflower oil imports dropped dramatically to $232M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 29%. As a result, imports reached the peak of $279M, and then declined markedly in the following year.
| Import of Sunflower-Seed and Safflower Oil in Uzbekistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 15.0 | 23.6 | 60.9 | 121 | 100.6% |
| Russia | 155 | 181 | 202 | 111 | -10.5% |
| Ukraine | 6.0 | 12.0 | 15.7 | N/A | 61.8% |
| Others | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Total | 176 | 216 | 279 | 232 | 9.6% |
Top Suppliers of Sunflower-Seed and Safflower Oil to Uzbekistan in 2022:
- Ukraine (undefinedK tons)
- Kazakhstan (88.0K tons)
- Russia (72.0K tons)
Exports of Sunflower-Seed and Safflower Oil in Uzbekistan
Sunflower-seed and safflower oil exports from Uzbekistan soared to 9.2K tons in 2022, surging by 1,153% compared with 2021 figures. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,350% against the previous year. As a result, the exports reached the peak of 11K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, sunflower-seed and safflower oil exports skyrocketed to $15M in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,529%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Sunflower-Seed and Safflower Oil in Uzbekistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 0.5 | 0.9 | 0.1 | 14.6 | 207.9% |
| Tajikistan | 0.1 | 7.9 | 1.0 | 0.3 | 44.2% |
| Turkmenistan | N/A | 0.8 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.5 | 0% |
| Total | 0.6 | 9.6 | 1.1 | 15.4 | 195.0% |
Top Export Markets for Sunflower-Seed and Safflower Oil from Uzbekistan in 2022:
- Afghanistan (8.7K tons)
- Tajikistan (0.2K tons)
This report provides an in-depth analysis of the market for sunflower-seed and safflower oil in Uzbekistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 268 - Oil of Sunflower Seed
- FCL 281 - Oil of Safflower Seed
Country coverage:
- Uzbekistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Uzbekistan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Over the past year, the prices for sunflower oil have doubled, against robust demand and depleting sunflower seed stocks. The dry weather conditions negatively affected the sunflower crop yield in 2020, but the market is now seeing a sturdy recovery. The production of sunflower oil is forecast to increase in 2021 driven by strong demand that promotes investments in the expansion of harvested areas.
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