Crude Groundnut Oil Market Overview in CIS
In value terms, crude groundnut oil production fell modestly to $ in estimated in export prices. Overall, production showed a noticeable decline. The pace of growth appeared the most rapid in 2010 when the production volume increased by % against the previous year. The level of production peaked at $ in 2007; however, from 2008 to , production failed to regain the momentum.
Uzbekistan ( tonnes) constituted the country with the largest volume of crude groundnut oil production, accounting for % of total volume.
From 2007 to , the average annual growth rate of volume in Uzbekistan stood at +%.
The revenue of the crude groundnut oil market in the CIS shrank dramatically to $ in , which is down by -% against 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 saw a abrupt contraction. The growth pace was the most rapid in 2013 when the market value increased by % y-o-y. Over the period under review, the market attained the peak level at $ in 2007; however, from 2008 to , consumption failed to regain the momentum.
In Uzbekistan, crude groundnut oil consumption increased at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: Russia (-% per year) and Azerbaijan (+% per year).
In value terms, Russia ($), Uzbekistan ($) and Belarus ($) were the countries with the highest levels of market value in , with a combined % share of the total market. These countries were followed by Azerbaijan, which accounted for a further %.
Among the main consuming countries, Azerbaijan recorded the highest growth rate of market size, over the period under review, while crude groundnut oil market for the other leaders experienced a decline in the market figures.
In , the highest levels of crude groundnut oil per capita consumption was registered in Uzbekistan ( kg per persons), followed by Azerbaijan ( kg per persons), Belarus ( kg per persons) and Russia ( kg per persons), while the world average per capita consumption of crude groundnut oil was estimated at kg per persons.
From 2007 to , 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: Azerbaijan (+% per year) and Belarus (-% per year).