In Kazakhstan there are favorable conditions for growing soybeans: a suitable climate, the presence of fertile lands, and a growing demand for this crop both domestically and in export markets.
The yield of soybeans per hectare in 2023 was 21 centners, and remained stable, ranging from 20 to 21 centners per hectare, indicating a stable productivity level despite a decline in gross harvest and harvested area since 2019. The highest figures are characteristic of the Jetisu region (24 %), West Kazakhstan region (20 %) and Almaty region (20 %).
The major portion of sowings is concentrated in Jetisu (69 %), Almaty region (14 %), and Kostanay region (10 %).
Investment attractiveness*
Export market potential**
Political-economic situation
The political stability index demonstrates recovery, reflecting strengthening of internal resilience, and GDP growth of 5.1 % in 2023 underscores the structural stability of the economy and the successful implementation of strategic policies. Kazakhstan intends to increase its GDP by 1.6 times, from a projected USD 294 billion in 2024 to USD 475 billion in 2028, ensuring growth of 5.8 % through diversification and investment.
In 2021, amendments were adopted to the Environmental Code, showing the intention to include climate change adaptation in policies and development plans at national and subnational levels. Agriculture is designated as a priority sector for climate change adaptation (Article 313).
Important notice
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The exclusive owner of this document is KAZAKH INVEST. This document is prepared for informational purposes. KAZAKH INVEST does not provide any guarantees regarding the completeness or accuracy of the information presented.
Sources: Bureau of National Statistics of the Republic of Kazakhstan, Ministry of Agriculture of the RK, ITC TM, World Bank Group, National Bank of the RK, Ministry of National Economy of the RK
Note: * the method used is based on processing 1 tonne of raw material for economic analysis of production; the NBK exchange rate at the date of analysis is 495.20 tenge.
** data in the “Export Market Potential” section are consolidated for three products: animal feed (HS code 230990), sunflower meal (HS code 230630), rapeseed meal (HS code 230641).
