Japan: Cottonseed Market Overview 2021

Cottonseed Market Size in Japan

The Japanese cottonseed market was finally on the rise to reach $X in 2019, after four years of decline. Over the period under review, consumption continues to indicate a pronounced slump. The growth pace was the most rapid in 2008 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2009 to 2019, the growth of the market remained at a lower figure.

Cottonseed Exports

Exports from Japan

In 2019, shipments abroad of cottonseed increased by X% to X tonnes for the first time since 2016, thus ending a two-year declining trend. Overall, exports posted a buoyant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cottonseed exports skyrocketed to $X in 2019. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. As a result, exports reached the peak of $X. From 2017 to 2019, the growth exports remained at a lower figure.

Exports by Country

Greece (X tonnes) was the main destination for cottonseed exports from Japan, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Greece was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value to Greece was relatively modest.

Export Prices by Country

In 2019, the average cottonseed export price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the export price, however, recorded a strong increase. The growth pace was the most rapid in 2018 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne, and then reduced remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Greece.

From 2007 to 2019, the rate of growth in terms of prices for Greece amounted to X% per year.

Cottonseed Imports

Imports into Japan

For the seventh consecutive year, Japan recorded decline in supplies from abroad of cottonseed, which decreased by -X% to X tonnes in 2019. In general, imports saw a perceptible reduction. The growth pace was the most rapid in 2012 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, cottonseed imports expanded slightly to $X in 2019. Overall, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, the U.S. (X tonnes) constituted the largest cottonseed supplier to Japan, with a X% share of total imports. Moreover, cottonseed imports from the U.S. exceeded the figures recorded by the second-largest supplier, Brazil (X tonnes), threefold. The third position in this ranking was occupied by Greece (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from the U.S. stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Greece (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of cottonseed to Japan, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from the U.S. amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Australia (-X% per year).

Import Prices by Country

In 2019, the average cottonseed import price amounted to $X per tonne, increasing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cottonseed in the world?

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The countries with the highest volumes of cottonseed consumption in 2019 were the U.S. (344K tonnes), Australia (330K tonnes) and China (186K tonnes), with a combined 42% share of global consumption. South Korea, Mali, Italy, Saudi Arabia, Mexico, Japan, Zambia, Brazil, Mozambique and Togo lagged somewhat behind, together accounting for a further 48%.

What are the largest producers of cottonseed in the world?

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The countries with the highest volumes of cottonseed production in 2019 were the U.S. (661K tonnes), Australia (336K tonnes) and Cote d'Ivoire (273K tonnes), with a combined 65% share of global production. These countries were followed by Greece, Brazil, Zambia and Mozambique, which together accounted for a further 27%.

What are the leading suppliers of cottonseed to Japan?

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In value terms, the U.S. ($16M) constituted the largest supplier of cottonseed to Japan, comprising 58% of total imports. The second position in the ranking was occupied by Brazil ($5.7M), with a 21% share of total imports. It was followed by Australia, with a 9.8% share.

What is the average export price for cottonseed in Japan?

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In 2019, the average cottonseed export price amounted to $5,457 per tonne, waning by -96.1% against the previous year.

What is the average import price for cottonseed in Japan?

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The average cottonseed import price stood at $291 per tonne in 2019, surging by 7.5% against the previous year.