Eastern Europe: Refined Cotton-Seed Oil Market 2024

Refined Cotton-Seed Oil Market Size in Eastern Europe

The East European refined cotton-seed oil market amounted to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Refined Cotton-Seed Oil Production in Eastern Europe

In value terms, refined cotton-seed oil production expanded modestly to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Refined Cotton-Seed Oil Exports

Exports in Eastern Europe

In 2023, exports of refined cotton-seed oil in Eastern Europe rose significantly to X tons, increasing by X% against 2022 figures. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, refined cotton-seed oil exports shrank remarkably to $X in 2023. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Poland represented the major exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Bulgaria (X tons), achieving an X% share of total exports. Russia (X tons) and Romania (X tons) held a minor share of total exports.

Poland was also the fastest-growing in terms of the refined cotton-seed oil exports, with a CAGR of X% from 2012 to 2023. At the same time, Romania (X%) and Bulgaria (X%) displayed positive paces of growth. Russia experienced a relatively flat trend pattern. Poland (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bulgaria ($X) emerged as the largest refined cotton-seed oil supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

In Bulgaria, refined cotton-seed oil exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and Romania (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, falling by X% against the previous year. Overall, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

Refined Cotton-Seed Oil Imports

Imports in Eastern Europe

In 2023, approx. X tons of refined cotton-seed oil were imported in Eastern Europe; picking up by X% against the year before. Overall, imports saw a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the near future.

In value terms, refined cotton-seed oil imports skyrocketed to $X in 2023. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

Bulgaria prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2023. Russia (X tons) followed a long way behind the leaders.

Imports into Bulgaria increased at an average annual rate of X% from 2012 to 2023. At the same time, Russia (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. While the share of Bulgaria (X p.p.) and Russia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bulgaria ($X) constitutes the largest market for imported refined cotton-seed oil in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Bulgaria stood at X%.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Russia ($X per ton), while Bulgaria totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (X%).

Source: IndexBox Platform