South Africa: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in South Africa

The South African cotton-seed oil market expanded significantly to $X in 2022, rising by X% against the previous year. In general, consumption continues to indicate a perceptible downturn. Cotton-seed oil consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Cotton-Seed Oil Production in South Africa

In value terms, cotton-seed oil production expanded notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Cotton-Seed Oil Exports

Exports from South Africa

In 2022, shipments abroad of crude cotton-seed oil decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, cotton-seed oil exports declined to $X in 2022. Overall, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Malaysia (X tons) was the main destination for cotton-seed oil exports from South Africa, with a X% share of total exports. Moreover, cotton-seed oil exports to Malaysia exceeded the volume sent to the second major destination, Namibia (X tons), threefold. The third position in this ranking was taken by Zambia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Zambia (X% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for crude cotton-seed oil exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Namibia ($X), with a X% share of total exports. It was followed by Botswana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Botswana (X% per year).

Export Prices by Country

In 2022, the average cotton-seed oil export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price showed a measured increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton-Seed Oil Imports

Imports into South Africa

In 2022, supplies from abroad of crude cotton-seed oil increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports saw a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton-seed oil imports amounted to $X in 2022. In general, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Botswana (X tons) constituted the largest cotton-seed oil supplier to South Africa, accounting for a X% share of total imports. Moreover, cotton-seed oil imports from Botswana exceeded the figures recorded by the second-largest supplier, Namibia (X kg), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Botswana amounted to X%.

In value terms, Botswana ($X) constituted the largest supplier of crude cotton-seed oil to South Africa, comprising X% of total imports. The second position in the ranking was taken by Namibia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Botswana was relatively modest.

Import Prices by Country

In 2022, the average cotton-seed oil import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Botswana ($X per ton), while the price for Namibia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%).

Source: IndexBox Platform

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