Vietnam: Cottonseed Market 2022

Cottonseed Market Size in Vietnam

The Vietnamese cottonseed market surged to $X in 2020, picking up by X% against the previous year. Overall, consumption, however, saw a deep downturn. Cottonseed consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Cottonseed Production in Vietnam

In value terms, cottonseed production soared to $X in 2020 estimated in export prices. Over the period under review, production recorded a precipitous setback. Cottonseed production peaked at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

The average yield of cottonseed in Vietnam stood at X kg per ha in 2020, almost unchanged from 2019. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the cottonseed harvested area in Vietnam was estimated at X ha, standing approx. at 2019 figures. In general, the harvested area saw a relatively flat trend pattern.

Cottonseed Exports

Exports from Vietnam

In 2020, approx. X tonnes of cottonseed were exported from Vietnam; which is down by -X% on the previous year. In general, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, cottonseed exports declined sharply to $X in 2020. Overall, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Japan (X tonnes) was the main destination for cottonseed exports from Vietnam, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Japan stood at +X%.

In value terms, Japan ($X) also remains the key foreign market for cottonseed exports from Vietnam.

From 2007 to 2020, the average annual growth rate of value to Japan stood at +X%.

Export Prices by Country

The average cottonseed export price stood at $X per tonne in 2020, growing by X% against the previous year. Overall, the export price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2007 to 2020, the rate of growth in terms of prices for Japan amounted to -X% per year.

Cottonseed Imports

Imports into Vietnam

In 2020, approx. X tonnes of cottonseed were imported into Vietnam; increasing by X% against the previous year's figure. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2020 and are likely to see gradual growth in the immediate term.

In value terms, cottonseed imports skyrocketed to $X in 2020. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Imports peaked at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

Togo (X tonnes), Greece (X tonnes) and the U.S. (X tonnes) were the main suppliers of cottonseed imports to Vietnam, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the U.S., while imports for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X), Greece ($X) and the U.S. ($X) constituted the largest cottonseed suppliers to Vietnam, together accounting for X% of total imports. These countries were followed by Argentina, which accounted for a further X the main suppliers, Argentina saw the highest growth rate of 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

In 2020, the average cottonseed import price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the import price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2016 an increase of X% y-o-y. The import price peaked at $X per tonne in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for Greece ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform