Africa: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Africa

The African cotton-seed oil market surged to $X in 2022, increasing by X% against the previous year. The total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cotton-Seed Oil Production in Africa

In value terms, cotton-seed oil production rose significantly to $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Cotton-Seed Oil Exports

Exports in Africa

After four years of decline, shipments abroad of cotton-seed oil increased by X% to X tons in 2022. In general, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cotton-seed oil exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a perceptible slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Benin represented the major exporting country with an export of around X tons, which amounted to X% of total exports. Burkina Faso (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by South Africa (X%) and Cote d'Ivoire (X%). The following exporters - Egypt (X tons) and Zimbabwe (X tons) - each amounted to a X% share of total exports.

Exports from Benin decreased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Burkina Faso (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Zimbabwe (X%) and South Africa (X%) illustrated a downward trend over the same period. Burkina Faso (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa and Benin saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Benin ($X), South Africa ($X) and Burkina Faso ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Cote d'Ivoire, Egypt and Zimbabwe lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Cote d'Ivoire, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked at $X per ton in 2021, and then dropped modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

Cotton-Seed Oil Imports

Imports in Africa

In 2022, purchases abroad of cotton-seed oil was finally on the rise to reach X tons after four years of decline. Overall, imports recorded a relatively flat trend pattern. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton-seed oil imports soared to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ethiopia (X tons) represented the key importer of cotton-seed oil, mixing up X% of total imports. Nigeria (X tons) held the second position in the ranking, distantly followed by Mali (X tons). All these countries together took approx. X% share of total imports. The following importers - Botswana (X tons) and Namibia (X tons) - together made up X% of total imports.

Ethiopia was also the fastest-growing in terms of the cotton-seed oil imports, with a CAGR of X% from 2012 to 2022. At the same time, Mali (X%) and Nigeria (X%) displayed positive paces of growth. Namibia experienced a relatively flat trend pattern. By contrast, Botswana (X%) illustrated a downward trend over the same period. While the share of Ethiopia (X p.p.), Nigeria (X p.p.) and Mali (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ethiopia ($X) constitutes the largest market for imported cotton-seed oil in Africa, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports. It was followed by Botswana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Ethiopia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Botswana (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Namibia ($X per ton), while Mali ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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