CIS: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in CIS

In 2022, after two years of decline, there was significant growth in the CIS cotton-seed oil market, when its value increased by X% to $X. Over the period under review, consumption saw buoyant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Cotton-Seed Oil Production in CIS

In value terms, cotton-seed oil production expanded markedly to $X in 2022 estimated in export price. The total production indicated temperate growth 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 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Cotton-Seed Oil Exports

Exports in CIS

In 2022, overseas shipments of crude cotton-seed oil decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. 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 shrank dramatically to $X in 2022. In general, exports saw a deep reduction. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Uzbekistan represented the main exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Azerbaijan (X tons) and Kazakhstan (X tons), together comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cotton-seed oil exports from Uzbekistan stood at X%. At the same time, Azerbaijan (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) and Azerbaijan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) emerged as the largest cotton-seed oil supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a X% share of total exports.

In Uzbekistan, cotton-seed oil exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Azerbaijan (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price recorded a pronounced contraction. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Azerbaijan ($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 a decline in the export price figures.

Cotton-Seed Oil Imports

Imports in CIS

In 2022, supplies from abroad of crude cotton-seed oil decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, imports, however, showed a temperate increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cotton-seed oil imports reduced rapidly to $X in 2022. Over the period under review, imports, however, showed mild growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Tajikistan was the key importer of crude cotton-seed oil in the CIS, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Kyrgyzstan (X tons) and Uzbekistan (X tons), together mixing up a X% share of total imports. Armenia (X tons) held a little share of total imports.

Tajikistan was also the fastest-growing in terms of the crude cotton-seed oil imports, with a CAGR of X% from 2012 to 2022. Armenia experienced a relatively flat trend pattern. Kyrgyzstan (X%) and Uzbekistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tajikistan, Uzbekistan and Armenia increased by X, X and X percentage points, respectively.

In value terms, the largest cotton-seed oil importing markets in the CIS were Tajikistan ($X), Kyrgyzstan ($X) and Uzbekistan ($X), together comprising X% of total imports.

Among the main importing countries, Tajikistan, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Armenia ($X per ton), while Tajikistan ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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