Ecuador: Cottonseed Market Overview 2021

Cottonseed Market Size in Ecuador

In 2020, the Ecuadorian cottonseed market was finally on the rise to reach $X after five years of decline. In general, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Cottonseed Production in Ecuador

In value terms, cottonseed production soared to $X in 2020 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% year-to-year. Cottonseed production peaked at $X in 2011; however, from 2012 to 2020, production stood at a somewhat lower figure.

The average yield of cottonseed in Ecuador amounted to X kg per ha in 2020, remaining constant against 2019 figures. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of cottonseed production in Ecuador stood at X ha, flattening at the previous year's figure. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Cottonseed Imports

Imports into Ecuador

In 2020, after two years of growth, there was significant decline in purchases abroad of cottonseed, when their volume decreased by -X% to X kg. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, cottonseed imports dropped sharply to $X in 2020. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2019, Kazakhstan (X tonnes) constituted the largest cottonseed supplier to Ecuador, with a X% share of total imports. Moreover, cottonseed imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), fivefold.

From 2007 to 2019, the average annual growth rate of volume from Kazakhstan amounted to +X%.

In value terms, Spain ($X) constituted the largest supplier of cottonseed to Ecuador, comprising X% of total imports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Spain was relatively modest.

Import Prices by Country

In 2019, the average cottonseed import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the import price recorded a dramatic slump. The growth pace was the most rapid in 2011 an increase of X% against the previous year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per tonne), while the price for Kazakhstan totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Spain.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cottonseed in the world?

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The countries with the highest volumes of cottonseed consumption in 2020 were India (10M tonnes), China (9.4M tonnes) and the U.S. (4.7M tonnes), together accounting for 57% of global consumption. These countries were followed by Brazil, Pakistan, Australia, Turkey, Uzbekistan and Mexico, which together accounted for a further 28%.

What are the largest producers of cottonseed in the world?

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The countries with the highest volumes of cottonseed production in 2020 were India (10M tonnes), China (9.4M tonnes) and the U.S. (5M tonnes), together accounting for 58% of global production. Brazil, Pakistan, Australia, Turkey, Uzbekistan and Mexico lagged somewhat behind, together accounting for a further 28%.

What are the leading suppliers of cottonseed to Ecuador?

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In value terms, Spain ($27K) constituted the largest supplier of cottonseed to Ecuador, comprising 77% of total imports. The second position in the ranking was occupied by Kazakhstan ($8.1K), with a 23% share of total imports.

What is the average import price for cottonseed in Ecuador?

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The average cottonseed import price stood at $349 per tonne in 2019, declining by -89.9% against the previous year.