Asia: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Asia

The Asian cotton-seed oil market expanded modestly to $X in 2022, growing by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cotton-Seed Oil Production in Asia

In value terms, cotton-seed oil production reached $X in 2022 estimated in export price. The total production indicated a modest 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 most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Cotton-Seed Oil Exports

Exports in Asia

In 2022, approx. X tons of cotton-seed oil were exported in Asia; standing approx. at the previous year. In general, exports recorded a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, cotton-seed oil exports expanded significantly to $X in 2022. Over the period under review, exports showed resilient growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, Kazakhstan (X tons), Turkmenistan (X tons), Malaysia (X tons), China (X tons) and Turkey (X tons) represented the largest exporter of cotton-seed oil in Asia, making up X% of total export. Uzbekistan (X tons) ranks next in terms of the total exports with a X% share, followed by Azerbaijan (X%).

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

In value terms, Kazakhstan ($X), Malaysia ($X) and China ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Turkey, Turkmenistan, Uzbekistan and Azerbaijan lagged somewhat behind, together accounting for a further X%.

Azerbaijan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

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

Cotton-Seed Oil Imports

Imports in Asia

In 2022, overseas purchases of cotton-seed oil were finally on the rise to reach X tons after two years of decline. In general, imports posted a temperate expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cotton-seed oil imports surged to $X in 2022. Total imports indicated a remarkable 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Malaysia was the key importing country with an import of about X tons, which finished at X% of total imports. Uzbekistan (X tons) held the second position in the ranking, followed by Tajikistan (X tons), Kyrgyzstan (X tons), India (X tons) and Afghanistan (X tons). All these countries together took near X% share of total imports. Myanmar (X tons) followed a long way behind the leaders.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Afghanistan (X%), India (X%), Myanmar (X%), Tajikistan (X%), Uzbekistan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. While the share of Malaysia (X p.p.), Uzbekistan (X p.p.), Tajikistan (X p.p.), India (X p.p.), Afghanistan (X p.p.) and Myanmar (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia totaled X%. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Tajikistan (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, increasing by X% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price 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, cotton-seed oil import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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