Asia-Pacific: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Asia-Pacific

The Asia-Pacific cotton-seed oil market reached $X in 2023, almost unchanged from the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Cotton-Seed Oil Production in Asia-Pacific

In value terms, cotton-seed oil production rose modestly to $X in 2023 estimated in export price. The total production indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Cotton-Seed Oil Exports

Exports in Asia-Pacific

After two years of growth, shipments abroad of cotton-seed oil decreased by X% to X tons in 2023. Total exports indicated a measured increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, cotton-seed oil exports reduced sharply to $X in 2023. Over the period under review, exports, however, continue to indicate a moderate increase. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell significantly in the following year.

Exports by Country

Malaysia (X tons) and China (X tons) prevails in exports structure, together committing X% of total exports. Australia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Malaysia ($X), China ($X) and Australia ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, China, 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 mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, falling by X% against the previous year. Export price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then declined rapidly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced mixed trends in the export price figures.

Cotton-Seed Oil Imports

Imports in Asia-Pacific

In 2023, approx. X tons of cotton-seed oil were imported in Asia-Pacific; waning by X% against 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, cotton-seed oil imports declined rapidly to $X in 2023. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked at $X in 2022, and then reduced markedly in the following year.

Imports by Country

In 2023, Australia (X tons) was the key importer of cotton-seed oil, achieving X% of total imports. Malaysia (X tons) ranks second in terms of the total imports with an X% share, followed by India (X%) and Afghanistan (X%). New Zealand (X tons) held a relatively small share of total imports.

Imports into Australia increased at an average annual rate of X% from 2012 to 2023. At the same time, Afghanistan (X%), India (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. New Zealand experienced a relatively flat trend pattern. From 2012 to 2023, the share of Australia, India and Afghanistan increased by X, X and X percentage points, respectively.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Australia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and India (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price, however, continues to indicate modest growth. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then shrank in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform