Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Italy - 2023
Contents:
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Italy (CIF) - 2023
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Italy (FOB) - 2022
- Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Italy
- Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Italy
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Italy (CIF) - 2023
In September 2023, the average import price for oil seeds; cotton seeds, other than seed, whether or not broken amounted to $482 per ton, which is down by -2.9% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 5.4% against the previous month. As a result, import price attained the peak level of $508 per ton. From May 2023 to September 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Ethiopia.
From November 2022 to September 2023, the rate of growth in terms of prices for Greece amounted to +1.1% per month.
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Italy (FOB) - 2022
The average export price for oil seeds; cotton seeds, other than seed, whether or not broken stood at $1,690 per ton in 2022, surging by 191% against the previous year. Overall, the export price posted a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($6,783 per ton), while the average price for exports to France ($302 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+41.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Italy
In 2022, supplies from abroad of oil seeds; cotton seeds, other than seed, whether or not broken decreased by -0.2% to 123K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a mild curtailment. The growth pace was the most rapid in 2020 when imports increased by 25% against the previous year. As a result, imports reached the peak of 160K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of oil seeds; cotton seeds, other than seed, whether or not broken expanded significantly to $53M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 30.4 | 35.8 | 45.9 | 49.5 | 17.6% |
| France | 0.2 | 1.2 | 0.2 | 2.3 | 125.7% |
| Austria | 0.7 | 1.0 | 0.3 | 0.5 | -10.6% |
| Others | 2.2 | 4.6 | 1.5 | 0.9 | -25.8% |
| Total | 33.6 | 42.5 | 47.9 | 53.2 | 16.6% |
Top Suppliers of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken to Italy in 2022:
- Greece (114.7K tons)
- France (4.8K tons)
- Austria (1.9K tons)
Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Italy
Exports of oil seeds; cotton seeds, other than seed, whether or not broken from Italy skyrocketed to 1.1K tons in 2022, jumping by 70% compared with the previous year. Over the period under review, exports continue to indicate a modest increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of oil seeds; cotton seeds, other than seed, whether or not broken soared to $1.9M in 2022. Overall, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 405 | N/A | 0.3 | 509 | 7.9% |
| Slovakia | N/A | N/A | N/A | 465 | 0% |
| Austria | 695 | N/A | 8.7 | 431 | -14.7% |
| France | 161 | 143 | 195 | 183 | 4.4% |
| Sweden | N/A | N/A | 86.9 | 154 | 77.2% |
| Germany | 32.1 | 16.7 | 42.3 | 87.9 | 39.9% |
| Greece | 24.7 | 5.0 | 1.4 | 12.5 | -20.3% |
| Others | 29.9 | 31.5 | 52.3 | 77.8 | 37.5% |
| Total | 1,348 | 196 | 387 | 1,921 | 12.5% |
Top Export Markets for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken from Italy in 2022:
- France (605.3 tons)
- Denmark (172.5 tons)
- Slovakia (158.6 tons)
- Austria (139.1 tons)
- Sweden (22.8 tons)
- Germany (22.6 tons)
- Greece (2.1 tons)
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