EU: Refined Cotton-Seed Oil Market 2024

Refined Cotton-Seed Oil Market Size in the EU

The EU refined cotton-seed oil market fell remarkably to $X in 2023, shrinking by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped remarkably in the following year.

Refined Cotton-Seed Oil Production in the EU

In value terms, refined cotton-seed oil production declined modestly to $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Refined Cotton-Seed Oil Exports

Exports in the EU

In 2023, refined cotton-seed oil exports in the European Union skyrocketed to X tons, rising by X% against 2022 figures. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, refined cotton-seed oil exports skyrocketed to $X in 2023. Total exports indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

Exports by Country

Greece represented the key exporting country with an export of around X tons, which amounted to X% of total exports. Spain (X tons) took the second position in the ranking, followed by the Netherlands (X tons), Poland (X tons) and Portugal (X tons). All these countries together took near X% share of total exports. Germany (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to refined cotton-seed oil exports from Greece stood at X%. At the same time, Poland (X%), Portugal (X%), Spain (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Germany (X%) illustrated a downward trend over the same period. While the share of Spain (X p.p.), Poland (X p.p.), the Netherlands (X p.p.) and Portugal (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Germany (X p.p.) and Greece (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Greece stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, picking up by X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2023: its price 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, refined cotton-seed oil export price increased by X% against 2015 indices. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

Refined Cotton-Seed Oil Imports

Imports in the EU

After two years of growth, purchases abroad of refined cotton-seed oil decreased by X% to X tons in 2023. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then declined significantly in the following year.

In value terms, refined cotton-seed oil imports declined dramatically to $X in 2023. In general, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

In 2023, Spain (X tons) represented the main importer of refined cotton-seed oil, constituting X% of total imports. It was distantly followed by Bulgaria (X tons), Greece (X tons), France (X tons) and the Netherlands (X tons), together achieving a X% share of total imports. Belgium (X tons) followed a long way behind the leaders.

Spain was also the fastest-growing in terms of the refined cotton-seed oil imports, with a CAGR of X% from 2012 to 2023. At the same time, Bulgaria (X%), the Netherlands (X%), Greece (X%), France (X%) and Belgium (X%) displayed positive paces of growth. Spain (X p.p.), Bulgaria (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the total imports, while Greece, France and Belgium saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, the largest refined cotton-seed oil importing markets in the European Union were Bulgaria ($X), Greece ($X) and France ($X), with a combined X% share of total imports. Spain, the Netherlands and Belgium lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Spain, 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

In 2023, the import price in the European Union amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform