Global Refined Cotton-Seed Oil Market 2024

Refined Cotton-Seed Oil Market Size

In 2023, after two years of growth, there was significant decline in the global refined cotton-seed oil market, when its value decreased by X% to $X. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Refined Cotton-Seed Oil Production

In value terms, refined cotton-seed oil production stood at $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, global production reached the peak level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Refined Cotton-Seed Oil Exports

Exports

In 2023, global refined cotton-seed oil exports declined markedly to X tons, waning by X% on the year before. In general, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the global exports remained at a somewhat lower figure.

In value terms, refined cotton-seed oil exports fell remarkably to $X in 2023. Over the period under review, exports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced sharply in the following year.

Exports by Country

In 2023, the United States (X tons), distantly followed by Brazil (X tons), Kazakhstan (X tons), Turkey (X tons), Malaysia (X tons), China (X tons) and Argentina (X tons) represented the major exporters of refined cotton-seed oil, together generating X% of total exports.

Exports from the United States decreased at an average annual rate of X% from 2012 to 2023. At the same time, Kazakhstan (X%), Brazil (X%), Turkey (X%), China (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, Argentina (X%) illustrated a downward trend over the same period. Kazakhstan (X p.p.), Brazil (X p.p.), Turkey (X p.p.), China (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the global exports, while Argentina and the United States saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the United States ($X), Kazakhstan ($X) and Brazil ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of global exports.

In terms of the main exporting countries, Kazakhstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average refined cotton-seed oil export price amounted to $X per ton, declining by X% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, refined cotton-seed oil export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2022 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Refined Cotton-Seed Oil Imports

Imports

In 2023, global refined cotton-seed oil imports shrank remarkably to X tons, with a decrease of X% compared with 2022. Over the period under review, imports saw a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, global imports reached the maximum at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, refined cotton-seed oil imports fell dramatically to $X in 2023. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped markedly in the following year.

Imports by Country

Australia was the main importing country with an import of around X tons, which amounted to X% of total imports. Malaysia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Ethiopia (X%), Kyrgyzstan (X%), Nigeria (X%), the United States (X%) and Spain (X%). The following importers - Tajikistan (X tons), India (X tons), Democratic Republic of the Congo (X tons), Uzbekistan (X tons), Bulgaria (X tons) and Greece (X tons) - together made up X% of total imports.

Imports into Australia increased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%), Spain (X%), Democratic Republic of the Congo (X%), Bulgaria (X%), Tajikistan (X%), Kyrgyzstan (X%), Ethiopia (X%), Greece (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, the United States (X%), Uzbekistan (X%) and Nigeria (X%) illustrated a downward trend over the same period. Australia (X p.p.), Spain (X p.p.), Ethiopia (X p.p.), Malaysia (X p.p.), Kyrgyzstan (X p.p.), Tajikistan (X p.p.), India (X p.p.), Democratic Republic of the Congo (X p.p.), Uzbekistan (X p.p.), Bulgaria (X p.p.) and Greece (X p.p.) significantly strengthened its position in terms of the global imports, while Nigeria saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Australia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Ethiopia (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2023, the average refined cotton-seed oil import price amounted to $X per ton, reducing by X% against the previous year. In general, import price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, refined cotton-seed oil import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2022, and then contracted dramatically in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform