Europe: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Europe

The Europe cotton-seed oil market soared to $X in 2023, rising by X% against the previous year. In general, consumption saw a noticeable slump. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Cotton-Seed Oil Production in Europe

In value terms, cotton-seed oil production fell sharply to $X in 2023 estimated in export price. Overall, production showed a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Cotton-Seed Oil Exports

Exports in Europe

In 2023, approx. X tons of crude cotton-seed oil were exported in Europe; with an increase of X% compared with 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced 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 failed to regain momentum.

In value terms, cotton-seed oil exports soared to $X in 2023. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

Exports by Country

Belgium represented the key exporter of crude cotton-seed oil in Europe, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Greece (X tons), the Netherlands (X tons) and Spain (X tons), together creating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to cotton-seed oil exports from Belgium stood at X%. 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 Europe, with a CAGR of X% from 2012-2023. Belgium (X p.p.), Greece (X p.p.), the Netherlands (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in the Netherlands amounted to X%. 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 Europe amounted to $X per ton, surging by X% against the previous year. Overall, the export price showed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 Europe

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. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by X%. 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 remarkably to $X in 2023. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced sharply in the following year.

Imports by Country

The UK was the main importing country with an import of around X tons, which resulted at X% of total imports. Spain (X tons) took the second position in the ranking, followed by the Netherlands (X tons), Belgium (X tons) and Poland (X tons). All these countries together held approx. X% share of total imports. Russia (X tons) and Italy (X tons) took a little share of total imports.

Imports into the UK increased at an average annual rate of X% from 2012 to 2023. At the same time, Spain (X%), Poland (X%), Italy (X%), Russia (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. By contrast, Belgium (X%) illustrated a downward trend over the same period. The UK (X p.p.), Spain (X p.p.), the Netherlands (X p.p.), Poland (X p.p.), Russia (X p.p.) and Italy (X p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by X% from 2012 to 2023, respectively.

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

In Spain, cotton-seed oil imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the UK (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, growing by X% against the previous year. In general, the import price showed a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: 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 mixed trends in the import price figures.

Source: IndexBox Platform