Algeria: Cotton-Seed Oil Market Overview 2021

Cotton-Seed Oil Market Size in Algeria

After two years of decline, the Algerian cotton-seed oil market increased by X% to $X in 2019. In general, consumption showed a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.

Cotton-Seed Oil Production in Algeria

In value terms, cotton-seed oil production totaled $X in 2019 estimated in export prices. In general, production recorded a dramatic downturn. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% against the previous year. Cotton-seed oil production peaked at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Cotton-Seed Oil Exports

Exports from Algeria

In 2019, overseas shipments of cotton-seed oil increased by X% to X tonnes, rising for the third year in a row after nine years of decline. In general, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, cotton-seed oil exports totaled $X in 2019. Overall, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

The UK (X tonnes) was the main destination for cotton-seed oil exports from Algeria, with a approx. X% share of total exports.

From 2007 to 2018, the average annual growth rate of volume to the UK was relatively modest.

From 2007 to 2018, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

The average cotton-seed oil export price stood at $X per tonne in 2018, shrinking by -X% against the previous year. In general, the export price saw a perceptible setback. The pace of growth was the most pronounced in 2014 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per tonne in 2015; however, from 2016 to 2018, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2007 to 2018, the rate of growth in terms of prices for the UK amounted to X% per year.

Cotton-Seed Oil Imports

Imports into Algeria

In 2019, the amount of cotton-seed oil imported into Algeria expanded modestly to X tonnes, increasing by X% on 2018 figures. In general, imports recorded resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X tonnes in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

In value terms, cotton-seed oil imports stood at $X in 2019. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Spain (X tonnes) constituted the largest cotton-seed oil supplier to Algeria, with a X% share of total imports. Moreover, cotton-seed oil imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tonnes), fourfold.

From 2007 to 2019, the average annual growth rate of volume from Spain amounted to +X%.

In value terms, Spain ($X) and France ($X) were the largest cotton-seed oil suppliers to Algeria, together accounting for X% of total imports.

Among the main suppliers, France (+X% per year) recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average cotton-seed oil import price stood at $X per tonne in 2019, reducing by -X% against the previous year. In general, the import price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per tonne), while the price for Spain totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cotton-seed oil in the world?

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The countries with the highest volumes of cotton-seed oil consumption in 2019 were India (1.3M tonnes), China (1.2M tonnes) and Pakistan (380K tonnes), with a combined 64% share of global consumption.

What are the largest producers of cotton-seed oil in the world?

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The countries with the highest volumes of cotton-seed oil production in 2019 were India (1.3M tonnes), China (1.2M tonnes) and Pakistan (380K tonnes), together accounting for 64% of global production.

What are the leading suppliers of cotton-seed oil to Algeria?

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In value terms, the largest cotton-seed oil suppliers to Algeria were Spain ($7.8K) and France ($4K), with a combined 84% share of total imports.

What is the average export price for cotton-seed oil in Algeria?

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The average cotton-seed oil export price stood at $308 per tonne in 2018, falling by -24.5% against the previous year.

What is the average import price for cotton-seed oil in Algeria?

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In 2019, the average cotton-seed oil import price amounted to $2,432 per tonne, falling by -2.3% against the previous year.