Non-Liquid Margarine Price in Kazakhstan - 2024
Contents:
- Non-Liquid Margarine Price in Kazakhstan (CIF) - 2024
- Non-Liquid Margarine Price in Kazakhstan (FOB) - 2024
- Non-Liquid Margarine Imports in Kazakhstan
- Non-Liquid Margarine Exports in Kazakhstan
Non-Liquid Margarine Price in Kazakhstan (CIF) - 2024
In February 2024, the average non-liquid margarine import price amounted to $1,083 per ton, falling by -4.4% against the previous month. In general, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 4.6% against the previous month. The import price peaked at $1,542 per ton in February 2023; however, from March 2023 to February 2024, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From February 2023 to February 2024, the rate of growth in terms of prices for Russia amounted to -1.7% per month.
Non-Liquid Margarine Price in Kazakhstan (FOB) - 2024
In February 2024, the average non-liquid margarine export price amounted to $1,102 per ton, picking up by 7.3% against the previous month. Over the period under review, the export price, however, continues to indicate a slight downturn. Over the period under review, the average export prices reached the maximum at $1,366 per ton in April 2023; however, from May 2023 to February 2024, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In February 2024, the country with the highest price was Kyrgyzstan ($1,148 per ton), while the average price for exports to Russia stood at $982 per ton.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (0.0%), while the prices for the other major destinations experienced a decline.
Non-Liquid Margarine Imports in Kazakhstan
In 2022, after three years of growth, there was decline in purchases abroad of non-liquid margarine, when their volume decreased by -1.3% to 15K tons. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year.
In value terms, non-liquid margarine imports shrank rapidly to $15M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. As a result, imports attained the peak of $18M, and then shrank markedly in the following year.
| Import of Non-Liquid Margarine in Kazakhstan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 11.0 | 11.6 | 18.0 | 14.7 | 10.1% |
| Others | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Total | 11.1 | 11.7 | 18.0 | 14.8 | 10.1% |
Top Suppliers of Non-Liquid Margarine to Kazakhstan in 2022:
- Russia (14.9K tons)
Non-Liquid Margarine Exports in Kazakhstan
In 2022, the amount of non-liquid margarine exported from Kazakhstan shrank to 7.1K tons, remaining stable against the previous year. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 1.5% against the previous year.
In value terms, non-liquid margarine exports dropped notably to $7.3M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 50% against the previous year. As a result, the exports reached the peak of $8.8M, and then reduced dramatically in the following year.
| Export of Non-Liquid Margarine in Kazakhstan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2.7 | 1.5 | 2.9 | 2.4 | -3.9% |
| Kyrgyzstan | 2.7 | 2.4 | 2.6 | 2.2 | -6.6% |
| Uzbekistan | 0.3 | 1.1 | 2.5 | 1.8 | 81.7% |
| Turkmenistan | 0.3 | 0.6 | 0.6 | 0.9 | 44.2% |
| Others | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| Total | 6.1 | 5.8 | 8.8 | 7.3 | 6.2% |
Top Export Markets for Non-Liquid Margarine from Kazakhstan in 2022:
- Kyrgyzstan (2.1K tons)
- Russia (2.0K tons)
- Uzbekistan (1.8K tons)
- Turkmenistan (1.1K tons)
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