United Arab Emirates: Cottonseed Market 2022

Cottonseed Market Size in the United Arab Emirates

After two years of decline, the cottonseed market in the United Arab Emirates increased by X% to $X in 2020. Over the period under review, consumption, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2013 when the market value increased by X% y-o-y. Cottonseed consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Cottonseed Exports

Exports from the United Arab Emirates

In 2020, shipments abroad of cottonseed was finally on the rise to reach X tonnes after five years of decline. Overall, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, cottonseed exports soared to $X in 2020. In general, exports, however, recorded a mild slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Tanzania (X tonnes) was the main destination for cottonseed exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, cottonseed exports to Tanzania exceeded the volume sent to the second major destination, Yemen (X tonnes), threefold.

From 2007 to 2020, the average annual growth rate of volume to Tanzania stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+X% per year) and Oman (-X% per year).

In value terms, the largest markets for cottonseed exported from the United Arab Emirates were Yemen ($X), Oman ($X) and Tanzania ($X (+X% per year) saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cottonseed export price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. In general, the export price, however, showed a strong increase. The growth pace was the most rapid in 2015 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Yemen ($X per tonne), while the average price for exports to Tanzania ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Oman, while the prices for the other major destinations experienced a decline.

Cottonseed Imports

Imports into the United Arab Emirates

Cottonseed imports into the United Arab Emirates surged to X tonnes in 2020, rising by X% compared with 2019 figures. Over the period under review, imports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, cottonseed imports skyrocketed to $X in 2020. Overall, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2013 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Greece (X tonnes) constituted the largest supplier of cottonseed to the United Arab Emirates, accounting for a X% share of total imports. Moreover, cottonseed imports from Greece exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Greece stood at +X%.

In value terms, Greece ($X) constituted the largest supplier of cottonseed to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Greece amounted to +X%.

Import Prices by Country

The average cottonseed import price stood at $X per tonne in 2020, reducing by -X% against the previous year. Over the period under review, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. from 2014 to 2020, the growth in terms of the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for Greece totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Greece.

Source: IndexBox Platform