Price for Oil Seeds; Linseed, Whether or Not Broken in Kazakhstan - 2024

Price for Oil Seeds; Linseed, Whether or Not Broken in Kazakhstan (FOB) - 2024

The average export price for oil seeds; linseed, whether or not brokens stood at $491 per ton in February 2024, surging by 10% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $504 per ton in March 2023; however, from April 2023 to February 2024, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($601 per ton), while the average price for exports to Afghanistan ($317 per ton) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Oil Seeds; Linseed, Whether or Not Broken in Kazakhstan (CIF) - 2022

In 2022, the average import price for oil seeds; linseed, whether or not brokens amounted to $523 per ton, declining by -37.6% against the previous year. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 64% against the previous year. The import price peaked at $977 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -5.9% per year.

Exports of Oil Seeds; Linseed, Whether or Not Broken in Kazakhstan

In 2022, after two years of decline, there was significant growth in overseas shipments of oil seeds; linseed, whether or not brokens, when their volume increased by 64% to 546K tons. Over the period under review, total exports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +2.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of oil seeds; linseed, whether or not brokens soared to $358M in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Oil Seeds; Linseed, Whether or Not Broken in Kazakhstan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	91.1	58.3	74.5	128	12.0%
China	4.4	64.3	31.6	101	184.2%
Poland	27.9	28.5	50.3	33.7	6.5%
Afghanistan	14.6	10.0	3.9	31.1	28.7%
Turkey	0.7	5.1	7.3	15.3	179.6%
Russia	9.5	11.8	27.3	14.0	13.8%
Germany	10.8	9.7	16.3	11.0	0.6%
Uzbekistan	3.0	2.7	3.9	7.2	33.9%
Others	18.0	10.7	11.5	16.1	-3.7%
Total	180	201	227	358	25.8%

Top Export Markets for Oil Seeds; Linseed, Whether or Not Broken from Kazakhstan in 2022:

Belgium (169.8K tons)
China (167.6K tons)
Afghanistan (64.2K tons)
Poland (48.4K tons)
Russia (24.5K tons)
Turkey (19.6K tons)
Uzbekistan (15.7K tons)
Germany (14.8K tons)

Imports of Oil Seeds; Linseed, Whether or Not Broken in Kazakhstan

In 2022, approx. 22K tons of oil seeds; linseed, whether or not brokens were imported into Kazakhstan; rising by 1,171% against the year before. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of oil seeds; linseed, whether or not brokens surged to $11M in 2022. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.