Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kazakhstan - 2024
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kazakhstan (CIF) - 2024
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kazakhstan (FOB) - 2024
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kazakhstan
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kazakhstan
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kazakhstan (CIF) - 2024
In February 2024, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,359 per ton, with a decrease of -8.8% against the previous month. Overall, the import price recorded a pronounced setback. The growth pace was the most rapid in January 2024 when the average import price increased by 7.5% month-to-month. Over the period under review, average import prices attained the peak figure at $1,919 per ton in March 2023; however, from April 2023 to February 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Ukraine ($2,874 per ton), while the price for Russia ($1,235 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Sweden (-1.3%), while the prices for the other major suppliers experienced a decline.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kazakhstan (FOB) - 2024
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,296 per ton in February 2024, increasing by 28% against the previous month. Overall, the export price, however, recorded a mild contraction. The export price peaked at $1,533 per ton in April 2023; however, from May 2023 to February 2024, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In February 2024, the highest price was recorded for prices to Tajikistan ($1,521 per ton) and Russia ($1,395 per ton), while the average price for exports to Kyrgyzstan ($1,186 per ton) and Turkmenistan ($1,326 per ton) were amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+6.1%), while the prices for the other major destinations experienced a decline.
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kazakhstan
In 2022, after three years of growth, there was decline in supplies from abroad of liquid margarine and edible mixtures of animal or vegetable fats, when their volume decreased by -3.8% to 66K tons. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 15%.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats contracted to $87M in 2022. The total import value increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 19%. As a result, imports attained the peak of $95M, and then reduced in the following year.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kazakhstan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 39.9 | 46.5 | 80.4 | 70.0 | 20.6% |
| Ukraine | 28.1 | 27.3 | 9.7 | 5.1 | -43.4% |
| Malaysia | 0.3 | 2.5 | 0.8 | 4.4 | 144.8% |
| Sweden | 1.3 | 1.7 | 1.4 | 4.2 | 47.8% |
| Others | 1.4 | 1.4 | 2.2 | 3.3 | 33.1% |
| Total | 70.9 | 79.5 | 94.6 | 87.1 | 7.1% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Kazakhstan in 2022:
- Russia (55.4K tons)
- Malaysia (3.5K tons)
- Sweden (2.7K tons)
- Ukraine (2.2K tons)
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kazakhstan
After three years of growth, overseas shipments of liquid margarine and edible mixtures of animal or vegetable fats decreased by -6.7% to 9.8K tons in 2022. The total export volume increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 24%.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats shrank notably to $12M in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. As a result, the exports reached the peak of $16M, and then fell significantly in the following year.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kazakhstan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | 2.0 | 2.0 | 8.7 | 7.5 | 55.4% |
| Tajikistan | 0.3 | N/A | 1.5 | 2.9 | 113.0% |
| Kyrgyzstan | 3.0 | 4.9 | 3.2 | 0.8 | -35.6% |
| Afghanistan | N/A | N/A | 0.4 | 0.4 | 0.0% |
| Azerbaijan | 0.3 | 0.8 | 1.3 | 0.4 | 10.1% |
| Turkmenistan | 0.2 | 0.6 | 0.8 | 0.3 | 14.5% |
| Others | 0.2 | 0.4 | 0.2 | 0.1 | -20.6% |
| Total | 5.9 | 8.8 | 16.1 | 12.4 | 28.1% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Kazakhstan in 2022:
- Uzbekistan (6.2K tons)
- Tajikistan (2.4K tons)
- Kyrgyzstan (0.4K tons)
- Afghanistan (0.3K tons)
- Azerbaijan (0.2K tons)
- Turkmenistan (0.1K tons)
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