Northern America: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Northern America

The North American cotton-seed oil market reduced slightly to $X in 2023, approximately mirroring the previous year. The total consumption indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Cotton-Seed Oil Production in Northern America

In value terms, cotton-seed oil production dropped slightly to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Cotton-Seed Oil Exports

Exports in Northern America

After two years of growth, shipments abroad of crude cotton-seed oil decreased by X% to X tons in 2023. Over the period under review, exports showed a sharp contraction. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, cotton-seed oil exports reduced dramatically to $X in 2023. Overall, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The United States dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Canada (X tons), creating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to cotton-seed oil exports from the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Canada increased by X percentage points.

In value terms, the United States ($X) remains the largest cotton-seed oil supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States totaled X%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, which is down by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Cotton-Seed Oil Imports

Imports in Northern America

Cotton-seed oil imports dropped significantly to X tons in 2023, waning by X% on 2022 figures. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, cotton-seed oil imports contracted markedly to $X in 2023. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2023, Canada (X tons) represented the major importer of crude cotton-seed oil, constituting X% of total imports. It was distantly followed by the United States (X tons), creating an X% share of total imports.

Imports into Canada decreased at an average annual rate of X% from 2012 to 2023. At the same time, the United States (X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of the United States increased by X percentage points.

In value terms, Canada ($X) constitutes the largest market for imported crude cotton-seed oil in Northern America, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

In Canada, cotton-seed oil imports plunged by an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, jumping by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2023.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform