EU: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in the EU

The EU cotton-seed oil market surged to $X in 2023, with an increase of X% against the previous year. In general, consumption saw a noticeable curtailment. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Cotton-Seed Oil Production in the EU

In value terms, cotton-seed oil production dropped modestly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Cotton-Seed Oil Exports

Exports in the EU

In 2023, shipments abroad of crude cotton-seed oil increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, cotton-seed oil exports skyrocketed to $X in 2023. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in years to come.

Exports by Country

In 2023, Belgium (X tons) was the major exporter of crude cotton-seed oil, creating X% of total exports. Greece (X tons) took the second position in the ranking, followed by the Netherlands (X tons) and Spain (X tons). All these countries together held approx. X% share of total exports.

Exports from Belgium increased at an average annual rate of X% from 2012 to 2023. At the same time, the Netherlands (X%), Greece (X%) and Spain (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. While the share of Greece (X p.p.), the Netherlands (X p.p.), Belgium (X p.p.) and Spain (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) emerged as the largest cotton-seed oil supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by Greece, with a X% share.

In the Netherlands, 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: Belgium (X% per year) and Greece (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, rising by X% against the previous year. In general, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Cotton-Seed Oil Imports

Imports in the EU

In 2023, after three years of growth, there was significant decline in overseas purchases of crude cotton-seed oil, when their volume decreased by X% to X tons. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, cotton-seed oil imports dropped notably to $X in 2023. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

The purchases of the three major importers of crude cotton-seed oil, namely Spain, the Netherlands and Belgium, represented more than two-thirds of total import. It was distantly followed by Poland (X tons) and Italy (X tons), together generating a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constitutes the largest market for imported crude cotton-seed oil in the European Union, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

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

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the import price showed a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform