Iran: Cottonseed Market 2024

Cottonseed Market Size in Iran

The Iranian cottonseed market contracted to $X in 2022, approximately equating the previous year. In general, consumption continues to indicate a abrupt contraction. The growth pace was the most rapid in 2016 when the market value increased by X% against the previous year. Cottonseed consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cottonseed Production in Iran

In value terms, cottonseed production shrank modestly to $X in 2022 estimated in export price. Overall, production recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average cottonseed yield in Iran amounted to less than X kg per ha, approximately reflecting the previous year. In general, the yield recorded 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 2022, approx. less than X ha of cottonseed were harvested in Iran; remaining relatively unchanged against the year before. Over the period under review, the harvested area saw a relatively flat trend pattern.

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Cottonseed Exports

Exports from Iran

In 2022, approx. X tons of cottonseed were exported from Iran; falling by X% compared with 2021 figures. Overall, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, cottonseed exports reduced remarkably to $X in 2022. Over the period under review, exports saw a sharp slump. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Bahrain (X tons) was the main destination for cottonseed exports from Iran, with a X% share of total exports. Moreover, cottonseed exports to Bahrain exceeded the volume sent to the second major destination, Kuwait (X kg), eightfold.

From 2014 to 2022, the average annual growth rate of volume to Bahrain totaled X%.

In value terms, Bahrain ($X) and Kuwait ($X) appeared to be the largest markets for cottonseed exported from Iran worldwide.

Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average cottonseed export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Bahrain stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cottonseed Imports

Imports into Iran

In 2022, cottonseed imports into Iran soared to X tons, picking up by X% compared with the previous year's figure. Overall, imports recorded moderate growth. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, cottonseed imports soared to $X in 2022. In general, imports posted buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Azerbaijan (X tons) constituted the largest supplier of cottonseed to Iran, accounting for a X% share of total imports. Moreover, cottonseed imports from Azerbaijan exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Azerbaijan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Greece (X% per year).

In value terms, the largest cottonseed suppliers to Iran were Turkey ($X), Greece ($X) and Azerbaijan ($X), together comprising X% of total imports.

Greece, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average cottonseed import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, recorded strong growth. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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