Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in China - 2023
Contents:
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in China (CIF) - 2023
- Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in China
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in China (CIF) - 2023
In September 2023, the average import price for oil seeds; cotton seeds, other than seed, whether or not broken amounted to $403 per ton, jumping by 28% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $431 per ton in April 2023; however, from May 2023 to September 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Australia ($409 per ton), while the price for the United States totaled $309 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Australia (-0.4%).
Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in China
In 2022, imports of oil seeds; cotton seeds, other than seed, whether or not broken into China skyrocketed to 454K tons, increasing by 231% compared with the year before. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,366% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of oil seeds; cotton seeds, other than seed, whether or not broken soared to $195M in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 3,319% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | 49.8 | 188 | 277.5% |
| United States | 1.3 | 1.6 | 3.2 | 7.1 | 76.1% |
| Others | N/A | N/A | 0.3 | N/A | 0% |
| Total | 1.3 | 1.6 | 53.3 | 195 | 431.3% |
Top Suppliers of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken to China in 2022:
- Australia (433.9K tons)
- United States (19.5K tons)
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