World - Refined Cotton-Seed Oil - Market Analysis, Forecast, Size, Trends And Insights
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The article explores the growth trends in the refined cotton-seed oil market, projecting an increase in both volume and value terms over the period from 2022 to 2030. Consumption, production, imports, and exports are analyzed, highlighting key players like China, the United States, and India. The data shows noticeable fluctuations in trends, with some countries experiencing rapid growth in both production and consumption. Overall, the market is expected to see gradual growth in the immediate future.
Market Forecast
Driven by increasing demand for refined cotton-seed oil worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market volume to 4.9M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market value to $14.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Refined Cotton-Seed Oil
In 2022, consumption of refined cotton-seed oil was finally on the rise to reach 4.2M tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 6.4%. Global consumption peaked at 4.8M tons in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.
The global refined cotton-seed oil market revenue was estimated at $11.5B in 2022, increasing by 10% 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 saw a mild increase. Global consumption peaked at $11.5B in 2018; afterwards, it flattened through to 2022.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (714K tons), the United States (415K tons) and India (255K tons), with a combined 33% share of global consumption.
From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +3.1%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest refined cotton-seed oil markets worldwide were the UK ($1.2B), China ($889M) and India ($762M), with a combined 25% share of the global market.
India, with a CAGR of +4.2%, saw 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.
The countries with the highest levels of refined cotton-seed oil per capita consumption in 2022 were Germany (1,485 kg per 1000 persons), France (1,351 kg per 1000 persons) and the UK (1,257 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by China (with a CAGR of +2.6%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Refined Cotton-Seed Oil
In 2022, production of refined cotton-seed oil was finally on the rise to reach 4.2M tons after three years of decline. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 5.9% against the previous year. Global production peaked at 4.8M tons in 2018; however, from 2019 to 2022, production remained at a lower figure.
In value terms, refined cotton-seed oil production contracted to $10.6B in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 8.1%. Over the period under review, global production reached the peak level at $12.1B in 2018; however, from 2019 to 2022, production remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (722K tons), the United States (446K tons) and India (252K tons), with a combined 34% share of global production.
From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +3.2%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Refined Cotton-Seed Oil
In 2022, overseas purchases of refined cotton-seed oil were finally on the rise to reach 126K tons after two years of decline. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 50% against the previous year. Over the period under review, global imports hit record highs at 131K tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, refined cotton-seed oil imports soared to $242M in 2022. In general, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports By Country
In 2022, Australia (25K tons), distantly followed by Malaysia (13K tons), the United States (13K tons), Ethiopia (11K tons), France (7K tons) and Nigeria (6.6K tons) represented the main importers of refined cotton-seed oil, together committing 60% of total imports. Uzbekistan (5.6K tons), the Netherlands (5.5K tons), Canada (4.8K tons), Spain (4.1K tons), Democratic Republic of the Congo (3.7K tons), Tajikistan (3.6K tons) and Kyrgyzstan (3.3K tons) took a minor share of total imports.
From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +79.2%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest refined cotton-seed oil importing markets worldwide were Australia ($44M), Spain ($25M) and Malaysia ($24M), together accounting for 38% of global imports.
Spain, with a CAGR of +94.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average refined cotton-seed oil import price stood at $1,918 per ton in 2022, surging by 37% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined cotton-seed oil import price increased by +104.1% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 38%. Global import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Spain ($6,112 per ton), while the United States ($927 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+11.6%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Refined Cotton-Seed Oil
After two years of decline, shipments abroad of refined cotton-seed oil increased by 12% to 123K tons in 2022. In general, exports, however, saw a slight reduction. The growth pace was the most rapid in 2019 when exports increased by 34% against the previous year. As a result, the exports attained the peak of 152K tons. From 2020 to 2022, the growth of the global exports remained at a lower figure.
In value terms, refined cotton-seed oil exports soared to $199M in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +117.2% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports By Country
The United States was the largest exporter of refined cotton-seed oil in the world, with the volume of exports amounting to 44K tons, which was approx. 35% of total exports in 2022. Argentina (20K tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (9.9%), Malaysia (5.9%), China (5.8%), Benin (5.8%) and Turkey (5.1%).
Exports from the United States decreased at an average annual rate of -6.5% from 2012 to 2022. At the same time, Kazakhstan (+46.7%), Turkey (+22.4%), China (+19.1%), Malaysia (+4.4%) and Argentina (+3.4%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the world, with a CAGR of +46.7% from 2012-2022. Benin experienced a relatively flat trend pattern. From 2012 to 2022, the share of Kazakhstan, Argentina, China, Turkey and Malaysia increased by +9.7, +5.7, +4.9, +4.5 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($70M) emerged as the largest refined cotton-seed oil supplier worldwide, comprising 35% of global exports. The second position in the ranking was held by Argentina ($30M), with a 15% share of global exports. It was followed by Kazakhstan, with a 9.4% share.
From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +2.8%. In the other countries, the average annual rates were as follows: Argentina (+6.1% per year) and Kazakhstan (+48.5% per year).
Export Prices By Country
In 2022, the average refined cotton-seed oil export price amounted to $1,619 per ton, surging by 34% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined cotton-seed oil export price increased by +85.8% against 2019 indices. 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($2,255 per ton), while Benin ($1,453 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global refined 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 10415500 - Refined 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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