Africa: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Africa

The African cotton-seed oil market totaled $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Cotton-Seed Oil Production in Africa

In value terms, cotton-seed oil production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Cotton-Seed Oil Exports

Exports in Africa

In 2022, overseas shipments of crude cotton-seed oil increased by X% to X tons, rising for the second consecutive year after eight years of decline. Overall, exports, however, showed a abrupt contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cotton-seed oil exports amounted to $X in 2022. Over the period under review, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X tons) was the major exporter of crude cotton-seed oil, committing X% of total exports. It was distantly followed by Benin (X tons), South Africa (X tons), Kenya (X tons) and Tanzania (X tons), together creating a X% share of total exports. Burkina Faso (X tons) and Egypt (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cotton-seed oil exports from Cote d'Ivoire stood at X%. At the same time, Kenya (X%), Egypt (X%), South Africa (X%), Tanzania (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Benin (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire, South Africa, Kenya, Tanzania, Burkina Faso and Egypt increased by X, X, X, X, X and X percentage points, respectively.

In value terms, the largest cotton-seed oil supplying countries in Africa were South Africa ($X), Cote d'Ivoire ($X) and Kenya ($X), with a combined X% share of total exports.

Kenya, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2021, and then reduced rapidly in the following year.

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

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

Cotton-Seed Oil Imports

Imports in Africa

Cotton-seed oil imports surged to X tons in 2022, jumping by X% against the year before. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, cotton-seed oil imports skyrocketed to $X in 2022. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Nigeria (X tons) and Mali (X tons) prevails in imports structure, together constituting X% of total imports. It was distantly followed by Mauritius (X tons), creating a X% share of total imports. The following importers - Kenya (X tons) and Egypt (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mali (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

In Nigeria, cotton-seed oil imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mali (X% per year) and Mauritius (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, declining by X% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kenya ($X per ton), while Mali ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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