Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Australia - 2024
Contents:
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Australia (FOB) - 2022
- Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Australia
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Australia (FOB) - 2022
In 2022, the average export price for oil seeds; cotton seeds, other than seed, whether or not broken amounted to $413 per ton, increasing by 5.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 39% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($509 per ton) and China ($422 per ton), while the average price for exports to Japan ($344 per ton) and South Korea ($364 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Australia
In 2022, exports of oil seeds; cotton seeds, other than seed, whether or not broken from Australia skyrocketed to 626K tons, rising by 136% on 2021. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 9,437%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of oil seeds; cotton seeds, other than seed, whether or not broken soared to $258M in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 9,908%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 57.0 | 201 | 252.6% |
| South Korea | 0.1 | 0.1 | 22.1 | 28.4 | 557.3% |
| Japan | 1.3 | 0.3 | 15.8 | 15.8 | 129.9% |
| United States | N/A | 0.6 | 8.4 | 13.3 | 370.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.4 | 1.0 | 103 | 258 | 469.1% |
Top Export Markets for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken from Australia in 2022:
- China (475.5K tons)
- South Korea (78.1K tons)
- Japan (45.9K tons)
- United States (26.1K tons)
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