Crude Groundnut Oil Market Overview in Central Asia
In value terms, crude groundnut oil production totaled $ in 2019 estimated in export prices. In general, production continues to indicate a pronounced descent. The growth pace was the most rapid in 2010 when the production volume increased by % year-to-year. Over the period under review, production attained the peak level at $ in 2007; however, from 2008 to 2019, production remained at a lower figure.
Uzbekistan ( tonnes) remains the largest crude groundnut oil producing country in Central Asia, accounting for % of total volume.
In Uzbekistan, crude groundnut oil production expanded at an average annual rate of +% over the period from 2007-2019.
The value of the crude groundnut oil market in Central Asia was estimated at $ in 2019, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a perceptible setback. The growth pace was the most rapid in 2018 when the market value increased by % year-to-year. The level of consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.
From 2007 to 2019, the average annual rate of growth in terms of volume in Uzbekistan stood at +%. In the other countries, the average annual rates were as follows: Kyrgyzstan (% per year) and Tajikistan (+% per year).
In value terms, Uzbekistan ($) led the market, alone. The second position in the ranking was occupied by Tajikistan ($).
In Uzbekistan, the crude groundnut oil market plunged by an average annual rate of -% over the period from 2007-2019.
From 2007 to 2019, the average annual growth rate of the crude groundnut oil per capita consumption in Uzbekistan was relatively modest. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Kyrgyzstan (% per year) and Tajikistan (+% per year).