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World - Crude Cotton-Seed Oil - Market Analysis, Forecast, Size, Trends And Insights
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The article projects an upward consumption trend for the global cotton-seed oil market from 2022 to 2030, with an anticipated increase in market volume and value. Key highlights include consumption data, production trends, import and export statistics, and average price trends. The United States, Kazakhstan, and Tanzania are the leading consuming countries, while Turkmenistan is the major exporter. Belgium and Afghanistan show significant growth in market value and imports, respectively. Prices of cotton-seed oil show variations among major exporting and importing countries over the past decade.
Market Forecast
Driven by rising demand for cotton-seed oil worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market volume to 164K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +8.2% for the period from 2022 to 2030, which is projected to bring the market value to $228M (in nominal prices) by the end of 2030.
Consumption
World Consumption of Crude Cotton-Seed Oil
In 2022, after two years of decline, there was significant growth in consumption of crude cotton-seed oil, when its volume increased by 5.5% to 118K tons. In general, consumption, however, recorded a pronounced descent. Global consumption peaked at 145K tons in 2012; however, from 2013 to 2022, consumption failed to regain momentum.
The global cotton-seed oil market size fell dramatically to $122M in 2022, which is down by -54.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a mild descent. Global consumption peaked at $266M in 2021, and then contracted dramatically in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the United States (38K tons), Kazakhstan (20K tons) and Tanzania (8K tons), together comprising 55% of global consumption. Australia, Belgium, Azerbaijan, Uzbekistan, the Netherlands, Egypt, Canada, China, Tajikistan and Afghanistan lagged somewhat behind, together accounting for a further 30%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Afghanistan (with a CAGR of +45.2%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Kazakhstan ($26M), the United States ($19M) and Tanzania ($14M) constituted the countries with the highest levels of market value in 2022, with a combined 48% share of the global market. Australia, Belgium, Egypt, Azerbaijan, Uzbekistan, Afghanistan, Tajikistan and Canada lagged somewhat behind, together comprising a further 32%.
Afghanistan, with a CAGR of +36.1%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of cotton-seed oil per capita consumption was registered in Kazakhstan (1,026 kg per 1000 persons), followed by Belgium (412 kg per 1000 persons), Azerbaijan (384 kg per 1000 persons) and Australia (284 kg per 1000 persons), while the world average per capita consumption of cotton-seed oil was estimated at 15 kg per 1000 persons.
In Kazakhstan, cotton-seed oil per capita consumption increased at an average annual rate of +4.8% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Belgium (+12.8% per year) and Azerbaijan (-2.1% per year).
Production
World Production of Crude Cotton-Seed Oil
In 2022, production of crude cotton-seed oil decreased by -2.8% to 120K tons, falling for the second consecutive year after two years of growth. Over the period under review, production saw a noticeable decrease. The pace of growth appeared the most rapid in 2019 with an increase of 11% against the previous year. Over the period under review, global production reached the maximum volume at 160K tons in 2012; however, from 2013 to 2022, production remained at a lower figure.
In value terms, cotton-seed oil production contracted to $108M in 2022 estimated in export price. In general, production showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. Global production peaked at $159M in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.
Production By Country
The country with the largest volume of cotton-seed oil production was the United States (42K tons), accounting for 35% of total volume. Moreover, cotton-seed oil production in the United States exceeded the figures recorded by the second-largest producer, Kazakhstan (21K tons), twofold. The third position in this ranking was taken by Turkmenistan (10K tons), with an 8.5% share.
In the United States, cotton-seed oil production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Kazakhstan (+1.2% per year) and Turkmenistan (+1.4% per year).
Imports
World Imports of Crude Cotton-Seed Oil
In 2022, purchases abroad of crude cotton-seed oil increased by 57% to 21K tons for the first time since 2017, thus ending a four-year declining trend. In general, imports recorded a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by 286% against the previous year. As a result, imports attained the peak of 33K tons. From 2018 to 2022, the growth of global imports remained at a somewhat lower figure.
In value terms, cotton-seed oil imports skyrocketed to $29M in 2022. Overall, imports posted prominent growth. The growth pace was the most rapid in 2017 with an increase of 260% against the previous year. As a result, imports reached the peak of $31M. From 2018 to 2022, the growth of global imports failed to regain momentum.
Imports By Country
In 2022, Belgium (5K tons), distantly followed by Canada (2.8K tons), Tajikistan (2.2K tons), Afghanistan (1.8K tons), Nigeria (1.7K tons), Kyrgyzstan (1.2K tons) and Mali (1.1K tons) represented the largest importers of crude cotton-seed oil, together making up 74% of total imports. Trinidad and Tobago (906 tons), India (751 tons), Malaysia (589 tons), Uzbekistan (572 tons) and the Netherlands (349 tons) took a minor share of total imports.
From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +109.2%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, Belgium ($11M) constitutes the largest market for imported crude cotton-seed oil worldwide, comprising 39% of global imports. The second position in the ranking was taken by Afghanistan ($2.3M), with a 7.9% share of global imports. It was followed by Tajikistan, with a 7.4% share.
From 2012 to 2022, the average annual growth rate of value in Belgium totaled +37.6%. The remaining importing countries recorded the following average annual rates of imports growth: Afghanistan (+36.1% per year) and Tajikistan (+5.4% per year).
Import Prices By Country
In 2022, the average cotton-seed oil import price amounted to $1,372 per ton, surging by 15% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 35% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($2,280 per ton), while Trinidad and Tobago ($544 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.6%), while the other global leaders experienced mixed trends in the import price figures.
Exports
World Exports of Crude Cotton-Seed Oil
In 2022, overseas shipments of crude cotton-seed oil decreased by -7.1% to 23K tons, falling for the second consecutive year after four years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 57%. Over the period under review, the global exports reached the peak figure at 58K tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.
In value terms, cotton-seed oil exports contracted modestly to $26M in 2022. Overall, exports, however, recorded mild growth. The pace of growth was the most pronounced in 2013 when exports increased by 76% against the previous year. Over the period under review, the global exports attained the peak figure at $66M in 2014; however, from 2015 to 2022, the exports failed to regain momentum.
Exports By Country
In 2022, Turkmenistan (10K tons) was the major exporter of crude cotton-seed oil, committing 43% of total exports. It was distantly followed by the United States (4.7K tons), Uzbekistan (2.2K tons), Belgium (1.4K tons), Azerbaijan (1.3K tons) and Kazakhstan (1.3K tons), together creating a 46% share of total exports. Benin (595 tons) held a minor share of total exports.
From 2012 to 2022, average annual rates of growth with regard to cotton-seed oil exports from Turkmenistan stood at +49.3%. At the same time, Azerbaijan (+53.4%) and Belgium (+48.3%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in the world, with a CAGR of +53.4% from 2012-2022. By contrast, Benin (-2.4%), the United States (-9.3%), Kazakhstan (-16.8%) and Uzbekistan (-36.7%) illustrated a downward trend over the same period. Turkmenistan (+42 p.p.), Uzbekistan (+9.4 p.p.), Belgium (+5.9 p.p.), Azerbaijan (+5.4 p.p.) and Benin (+2.6 p.p.) significantly strengthened its position in terms of the global exports, while Kazakhstan and the United States saw its share reduced by -26.5% and -30.4% from 2012 to 2022, respectively.
In value terms, Turkmenistan ($9.5M) remains the largest cotton-seed oil supplier worldwide, comprising 37% of global exports. The second position in the ranking was held by Belgium ($3.7M), with a 15% share of global exports. It was followed by the United States, with an 11% share.
In Turkmenistan, cotton-seed oil exports expanded at an average annual rate of +47.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (+42.7% per year) and the United States (-7.0% per year).
Export Prices By Country
In 2022, the average cotton-seed oil export price amounted to $1,104 per ton, picking up by 7.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. The global export price peaked at $1,145 per ton in 2014; afterwards, it flattened through to 2022.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($2,685 per ton), while Benin ($310 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+17.8%), while the other global leaders experienced mixed trends in the export price figures.
This report provides an in-depth analysis of the global cotton-seed oil market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10412500 - Crude cotton-seed oil and its fractions (excluding chemically modified)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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