Argentina - Cottonseed - Market Analysis, Forecast, Size, Trends and Insights
Argentinian Cottonseed Market to Grow to 319K Tonnes by 2025
IndexBox has just published a new report "Argentina: Cottonseed – Market Report. Analysis and Forecast to 2025". Here is a summary of the report’s key findings.
Argentinian Cottonseed Consumption Have Fluctuated Wildly
The cottonseed market in Argentina is characterized by strong fluctuations in consumption volumes, which are due to the unstable supply of the product. With cotton seeds are usually being the by-product of the production of cotton fibre, the volume of supply fluctuates under the influence of an unstable level of cotton yields due to dry seasons and reduction in cotton acreage.
Anyway, in 2016, Argentinian cottonseed market stood at 289K tonnes in 2016, which was 77K tonnes (or -21%) less than previous year (IndexBox estimates). In addtition, imports was negligible, pointing to the Argentinian market's lack of dependence on the conditions present on the global market.
Market Is Forecast to Grow to 319K Tonnes from 2018 to 2025
Given the favourable climate conditions for growing cotton, Argentina source that raw material for its sizeable textile industry. This is the main reason behind the continued cotton seed production, however, the production trend pattern will remain unstable and will depend on the development of the cotton industry. Cottonseed is used both for the production of cottonseed oil, which is used in food, cosmetics, and agriculture, and can also be forwarded to further sowing. Therefore, overall, consumption is expected to grow at a moderate pace over the next nine years, leading to an average consumption level of 319K tonnes within 2018 and 2025.
Cottonseed Fluctuated under the Influence of Changes in the Yield of Cotton
Cottonseed production in Argentina stood at 355K tonnes in 2016. It fluctuated noticably over the last nine years due to adverse weather conditions which caused cotton yield decline. The highest level of production was at 568K tonnes achieved in 2011, right before a period of severe drought and anomalously high temperatures. In value terms, the output accounted for $113M in 2016.
Argentina remains a net exporter of cottonseed Over the period under review, Argentina was a net exporter of cottonseed. In physical and value terms, exports consistently exceeded imports from 2007 to 2016. In 2016, net exports amounted to 65.3K tonnes. In the medium term, no significant reduction is projected regarding the disparities in the export and import figures for cottonseed.
Argentine Total Cottonseed Exports Tripled to 65.3K Tonnes in 2016
Argentina exported 65.3K tonnes of сottonseed in 2016, which accounted for 18% of Argentine cottonseed output. In 2016, the main destination of exports of сottonseed from Argentina exports was South Korea (62% based on tonnes). It was followed by the U.S. (9%), Saudi Arabia (7%), Chile (6%), Spain (6%), Japan (5%) and the UAE (2%). These countries occupied 97% of total Argentine cottonseed exports.
Paraguay Was the Only Supplier of Cottonseed to Argentina
Geography of imports of cottonseed into Argentina were extremely irregular and negligible both in terms of volume and value, except certain years. Main suppliers to Argentina in 2007 was the U.S. (1.72 tonnes), in 2009 – South Africa (300 tonnes), in 2012 and 2013 – Brazil (0.128 tonnes and 0.123 tonnes, respectively), in 2014 – the U.S. (0.131 tonnes); and in 2016, Paraguay (26 tonnes) was the only supplier of cottonseed into Argentina.
Do you want to know more about the cottonseed in Argentina? Get the latest trends and insight from our report. It includes a wide range of statistics on
- cottonseed market share
- cottonseed prices
- cottonseed industry
- cottonseed sales
- cottonseed import
- cottonseed export
- cottonseed market forecast
- cottonseed price forecast
Source: IndexBox AI Platform
This report provides an in-depth analysis of the cottonseed market in Argentina. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
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The Largest Producers on The Market and Their Profiles
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