Global Cotton-Seed Oil Market 2022

Cotton-Seed Oil Market Size

The global cotton-seed oil market reduced to $X in 2021, falling by -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X, and then fell in the following year.

Cotton-Seed Oil Production

In value terms, cotton-seed oil production reduced to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, global production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Cotton-Seed Oil Exports

Exports

In 2021, shipments abroad of crude cotton-seed oil was finally on the rise to reach X tons after two years of decline. In general, exports, however, showed a deep reduction. The global exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, cotton-seed oil exports surged to $X in 2021. Over the period under review, exports, however, saw a drastic downturn. Over the period under review, the global exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) and Azerbaijan (X tons) represented roughly X% of total exports in 2021. Kazakhstan (X tons) ranks next in terms of the total exports with a X% share, followed by Benin (X%). Turkey (X tons), Burkina Faso (X tons), South Africa (X tons), Turkmenistan (X tons) and Greece (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Azerbaijan (with a CAGR of +X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest cotton-seed oil supplying countries worldwide were Azerbaijan ($X), the United States ($X) and Turkey ($X), with a combined X% share of global exports.

Azerbaijan, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average cotton-seed oil export price stood at $X per ton in 2021, rising by X% against the previous year. In general, the export price, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Burkina Faso (+X%), while the other global leaders experienced more modest paces of growth.

Cotton-Seed Oil Imports

Imports

In 2021, global imports of crude cotton-seed oil rose slightly to X tons, surging by X% against the previous year. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Global imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, cotton-seed oil imports expanded markedly to $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of global imports remained at a lower figure.

Imports by Country

Tajikistan represented the major importing country with an import of about X tons, which resulted at X% of total imports. Kyrgyzstan (X tons) ranks second in terms of the total imports with a X% share, followed by Mexico (X%) and Turkey (X%). Nigeria (X tons), Malaysia (X tons) and the UK (X tons) held a minor share of total imports.

Tajikistan was also the fastest-growing in terms of the crude cotton-seed oil imports, with a CAGR of +X% from 2012 to 2021. At the same time, Nigeria (+X%), the UK (+X%), Kyrgyzstan (+X%), Mexico (+X%), Malaysia (+X%) and Turkey (+X%) displayed positive paces of growth. From 2012 to 2021, the share of Tajikistan, Kyrgyzstan and Nigeria increased by +X, +X and +X percentage points, respectively. Mexico (-X p.p.) and Turkey (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tajikistan ($X) constitutes the largest market for imported crude cotton-seed oil worldwide, comprising X% of global imports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of global imports. It was followed by Turkey, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Tajikistan totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (+X% per year) and Turkey (-X% per year).

Import Prices by Country

In 2021, the average cotton-seed oil import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the UK ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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