Asia: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Asia

The Asian cotton-seed oil market expanded slightly to $X in 2023, growing by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Cotton-Seed Oil Production in Asia

In value terms, cotton-seed oil production expanded slightly to $X in 2023 estimated in export price. The total production indicated a moderate increase from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Cotton-Seed Oil Exports

Exports in Asia

In 2023, the amount of cotton-seed oil exported in Asia fell to X tons, which is down by X% against 2022 figures. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, cotton-seed oil exports dropped significantly to $X in 2023. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of export peaked at $X in 2022, and then contracted rapidly in the following year.

Exports by Country

Turkmenistan (X tons) and Kazakhstan (X tons) represented roughly X% of total exports in 2023. Turkey (X tons) ranks next in terms of the total exports with a X% share, followed by Malaysia (X%) and China (X%). The following exporters - Azerbaijan (X tons) and Uzbekistan (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Turkmenistan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Turkmenistan ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

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

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price saw a slight curtailment. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Azerbaijan ($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 leaders experienced more modest paces of growth.

Cotton-Seed Oil Imports

Imports in Asia

In 2023, supplies from abroad of cotton-seed oil decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, cotton-seed oil imports fell sharply to $X in 2023. Overall, imports, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then reduced remarkably in the following year.

Imports by Country

The purchases of the four major importers of cotton-seed oil, namely Malaysia, Uzbekistan, Kyrgyzstan and Tajikistan, represented more than two-thirds of total import. India (X tons) ranks next in terms of the total imports with an X% share, followed by Afghanistan (X%). Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Tajikistan ($X) and Kyrgyzstan ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. India, Uzbekistan, Afghanistan and Turkey lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, which is down by X% against the previous year. Overall, the import price recorded a mild curtailment. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then dropped notably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform