SADC: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in SADC

The SADC cotton-seed oil market amounted to $X in 2023, standing approx. at the previous year. In general, consumption recorded modest growth. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Cotton-Seed Oil Production in SADC

In value terms, cotton-seed oil production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Cotton-Seed Oil Exports

Exports in SADC

Cotton-seed oil exports soared to X tons in 2023, jumping by X% against the previous year. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, cotton-seed oil exports stood at $X in 2023. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, Tanzania (X tons) represented the key exporter of crude cotton-seed oil, mixing up X% of total exports. It was distantly followed by South Africa (X tons), committing a X% share of total exports.

Tanzania was also the fastest-growing in terms of the crude cotton-seed oil exports, with a CAGR of X% from 2012 to 2023. At the same time, South Africa (X%) displayed positive paces of growth. While the share of Tanzania (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, Tanzania ($X) emerged as the largest cotton-seed oil supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports.

In Tanzania, cotton-seed oil exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a mild setback. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tanzania totaled $X per ton.

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

Cotton-Seed Oil Imports

Imports in SADC

In 2023, the amount of crude cotton-seed oil imported in SADC rose notably to X tons, growing by X% against 2022. Overall, imports showed a slight expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, cotton-seed oil imports soared to $X in 2023. In general, imports recorded a slight expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Mauritius was the major importer of crude cotton-seed oil in SADC, with the volume of imports reaching X tons, which was near X% of total imports in 2023. It was distantly followed by Namibia (X tons), generating a X% share of total imports. The following importers - Lesotho (X tons) and Botswana (X tons) - each recorded a X% share of total imports.

Imports into Mauritius increased at an average annual rate of X% from 2012 to 2023. At the same time, Botswana (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. By contrast, Lesotho (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Mauritius, Namibia and Botswana increased by X, X and X percentage points, respectively.

In value terms, Namibia ($X), Mauritius ($X) and Lesotho ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Namibia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lesotho ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lesotho (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform