What is the price of canola oil per kilogram/pound in Kazakhstan today?
The retail price range for Kazakhstan canola oil is between US$ 2.20 and US$ 3.46 per kilogram or between US$ 1.00 and US$ 1.57 per pound(lb). Click here to see today's exact prices of canola oil in Kazakhstan
The retail price range in Tenge for canola oil is between KZT 984.57 and KZT 1,552.24 per kilogram or between KZT 446.51 and KZT 703.96 per pound(lb) in Nur-Sultan and Almaty.
Wholesale prices
In 2024, the approximate wholesale price range for Kazakhstan canola oil is between US$ 1.54 and US$ 2.42 per kilogram or between US$ 0.70 and US$ 1.10 per pound(lb).
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Kazakhstan Canola Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Canola Oil from Kazakhstan over the last five years has been relatively stable. In 2017, the price was 0.75 US $ per kg, followed by 0.66 US $ per kg in 2018. In 2019, the price increased to 0.71 US $ per kg and then to 0.87 US $ per kg in 2020. The highest price was recorded in 2021, at 1.13 US $ per kg. Based on this data, it is likely that the export price per kilogram of Canola Oil from Kazakhstan will remain around 1.00 US $ per kg in 2023 and 2024.The canola oil exports from Kazakhstan are categorised as:
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
Kazakhstan Canola Oil Import Prices - Historical, Trends and Prediction
The import price of Canola Oil into Kazakhstan over the last five years has been quite volatile. In 2016, the price was 0.69 US$ per kg, which was the lowest in the five year period. This was followed by a slight increase in 2017 to 0.75 US$ per kg. In 2018, the price dropped to 0.66 US$ per kg, before increasing again in 2019 to 0.71 US$ per kg. The highest price in the five year period was recorded in 2020, at 0.87 US$ per kg. This was followed by a further increase in 2021 to 1.13 US$ per kg. Based on this trend, it is likely that the import price of Canola Oil into Kazakhstan will continue to increase in the next two years, with a predicted price of 1.25 US$ per kg in 2023 and 1.41 US$ per kg in 2024.Export values for Kazakhstan canola oil
The total values in export for canola oil in Kazakhstan were US$ 5,066, US$ 6,757, US$ 21,258 and US$ 45,649 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Kazakhstan: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of canola oil in other countries across Asia: Kazakhstan canola oil, Kyrgyzstan canola oil, Tajikistan canola oil, Turkmenistan canola oil, Uzbekistan canola oil, China canola oil, Hong Kong canola oil, Macao canola oil, North Korea canola oil & Mongolia canola oil.
Kazakhstan canola oil - Production, Exports, Imports, Seasons and HS Codes
The amount of canola oil shipped by Kazakhstan in 2020 was 47,094 tonnes. In 2019 Kazakhstan exported 62,195 tonnes of canola oil. Through 2019 alone, the demand for Kazakhstan canola oil (processed category) has increased, with a change of 119.918 % compared to the year 2018. Between 2017 and 2019, canola oil's exports grew by 606.92 pc netting Kazakhstan US$45.65m for the year 2019. Kazakhstan's canola oil exports are categorised as:
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
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Kazakhstan canola oil export values
In 2019, Kazakhstan sold canola oil worth 45.65m USD, an increment of 114.74% from 2018's total canola oil export of 21.258m USD. The annual change in value of Kazakhstan canola oil between 2017 to 2018 was 214.607 percent.
The annual/yearly change in the volume of Kazakhstan's canola oil exports between 2017 and 2019 was 606.92 pc when compared to a variation of 119.918% in the growth rate between 2018 and 2019.
Kazakhstan's stake of the world's total canola oil's exports in 2019 was less than 1%. Kazakhstan holds position 64 in world exports of canola oil.
Export markets for Kazakhstan canola oil ( in '000$ )
Kazakhstan's leading export markets for canola oil are China, Iran, Uzbekistan, Russia and Kyrgyzstan.
Import/Export Trends
Kazakhstan is a net importer of canola oil. The annual growth of Kazakhstan canola oil in value between 2015 to 2019 was 4%, per annum, while annual growth in quantity for the same period was 21%, per annum.
Kazakhstan imported 244 tonnes of canola oil in 2019.