Latin America and the Caribbean: Cottonseed Market 2024

Cottonseed Market Size in Latin America and the Caribbean

The Latin American cottonseed market reduced modestly to $X in 2022, falling by X% against the previous year. Overall, consumption, however, continues to indicate a mild descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cottonseed Production in Latin America and the Caribbean

In value terms, cottonseed production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Brazil (X tons) remains the largest cottonseed producing country in Latin America and the Caribbean, comprising approx. X% of total volume. Moreover, cottonseed production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tons), ninefold.

In Brazil, cottonseed production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Argentina (X% per year) and Mexico (X% per year).

Cottonseed Exports

Exports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded decline in shipments abroad of cottonseed, which decreased by X% to X tons in 2022. Overall, exports faced a abrupt setback. The pace of growth was the most pronounced in 2014 when exports increased by X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, cottonseed exports dropped remarkably to $X in 2022. Over the period under review, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Argentina (X tons) represented the key exporter of cottonseed, generating X% of total exports. Brazil (X tons) ranks second in terms of the total exports with a X% share, followed by Mexico (X%).

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Brazil ($X), Argentina ($X) and Mexico ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the export price figures.

Cottonseed Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of cottonseed were imported in Latin America and the Caribbean; which is down by X% against the previous year. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cottonseed imports fell significantly to $X in 2022. Overall, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico was the largest importer of cottonseed in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Chile (X tons) ranks second in terms of the total imports with an X% share, followed by Uruguay (X%). Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cottonseed imports into Mexico stood at X%. At the same time, Uruguay (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Paraguay experienced a relatively flat trend pattern. By contrast, Chile (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uruguay increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported cottonseed in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total imports. It was followed by Paraguay, with a X% share.

In Mexico, cottonseed imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uruguay (X% per year) and Paraguay (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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