Asia-Pacific: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Asia-Pacific

The Asia-Pacific cotton-seed oil market rose sharply to $X in 2023, surging by X% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2023: its value 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, consumption increased by X% against 2018 indices. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

Cotton-Seed Oil Production in Asia-Pacific

In value terms, cotton-seed oil production rose slightly to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Cotton-Seed Oil Exports

Exports in Asia-Pacific

In 2023, shipments abroad of crude cotton-seed oil increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports, however, faced a sharp contraction. The growth pace was the most rapid in 2018 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, cotton-seed oil exports soared to $X in 2023. Over the period under review, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Australia represented the key exporting country with an export of about X tons, which accounted for X% of total exports. Indonesia (X tons) held the second position in the ranking, followed by China (X tons). All these countries together took near X% share of total exports.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Indonesia (X%) and China (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. Indonesia (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Australia ($X) remains the largest cotton-seed oil supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports.

In Australia, cotton-seed oil exports plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and China (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, falling by X% against the previous year. In general, the export price, however, continues to indicate a notable expansion. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then declined in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Cotton-Seed Oil Imports

Imports in Asia-Pacific

In 2023, imports of crude cotton-seed oil in Asia-Pacific contracted remarkably to X tons, shrinking by X% compared with 2022 figures. Over the period under review, imports recorded a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, cotton-seed oil imports fell remarkably to $X in 2023. In general, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then fell dramatically in the following year.

Imports by Country

The purchases of the three major importers of crude cotton-seed oil, namely Malaysia, India and Japan, represented more than two-thirds of total import. French Polynesia (X tons), Australia (X tons) and South Korea (X tons) held a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton-seed oil importing markets in Asia-Pacific were India ($X), Malaysia ($X) and Japan ($X), together accounting for X% of total imports.

Among the main importing countries, Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the import price recorded a notable expansion. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Japan ($X per ton) and India ($X per ton), while South Korea ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform