Haiti: Cottonseed Market Overview 2020

Cottonseed Market Size in Haiti

The revenue of the cottonseed market in Haiti amounted to $X in 2018, declining by -X% against the previous year. Overall, cottonseed consumption continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2008 when the market value increased by X% y-o-y. In that year, the cottonseed market reached its peak level of $X. From 2009 to 2018, the growth of the cottonseed market failed to regain its momentum.

Cottonseed Production in Haiti

In value terms, cottonseed production amounted to $X in 2018 estimated in export prices. Over the period under review, cottonseed production continues to indicate a perceptible setback. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. In that year, cottonseed production reached its peak level of $X. From 2009 to 2018, cottonseed production growth remained at a somewhat lower figure.

Cottonseed Exports

Exports by Country

In 2018, the U.S. (X tonnes) and Australia (X tonnes) represented the key exporters of cottonseedin the world, together resulting at approx. X% of total exports. It was distantly followed by Greece (X tonnes), making up a X% share of total exports. Mozambique (X tonnes), Togo (X tonnes), Brazil (X tonnes) and Cote d'Ivoire (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Australia, while the other leaders experienced more modest paces of growth.

In value terms, the largest cottonseed markets from Haiti were the U.S. ($X), Australia ($X) and Greece ($X), with a combined X% share of total exports.

Australia experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the cottonseed export price in Haiti amounted to $X per tonne, remaining stable against the previous year. In general, the cottonseed export price continues to indicate a relatively flat trend pattern.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Cote d'Ivoire ($X per tonne) and Greece ($X per tonne), while Brazil ($X per tonne) and Togo ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mozambique, while the other leaders experienced more modest paces of growth.

Cottonseed Imports

Imports by Country

In 2018, China (X tonnes) was the major importer of cottonseed, comprising X% of total imports. It was distantly followed by South Korea (X tonnes), Mexico (X tonnes), Italy (X tonnes), Saudi Arabia (X tonnes) and Japan (X tonnes), together committing a X% share of total imports. South Africa (X tonnes) followed a long way behind the leaders.

China was also the fastest-growing in terms of the cottonseed imports, with a CAGR of +X% from 2007 to 2018. At the same time, Saudi Arabia (+X%) and South Korea (+X%) displayed positive paces of growth. Italy experienced a relatively flat trend pattern. By contrast, Japan (-X%), Mexico (-X%) and South Africa (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Saudi Arabia and South Korea increased by +X%, +X% and +X% percentage points, while Japan (-X p.p.), South Africa (-X p.p.) and Mexico (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cottonseed into Haiti, comprising X% of global imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +X%. In the other countries, the average annual rates were as follows: Mexico (-X% per year) and Italy (+X% per year).

Import Prices by Country

The cottonseed import price in Haiti stood at $X per tonne in 2018, remaining stable against the previous year. In general, the cottonseed import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($X per tonne), while South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform