Eastern Europe: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Eastern Europe

In 2023, the East European cotton-seed oil market increased by X% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, showed a mild descent. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Cotton-Seed Oil Production in Eastern Europe

In value terms, cotton-seed oil production amounted to $X in 2023 estimated in export price. Over the period under review, production saw a slight setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

Cotton-Seed Oil Exports

Exports in Eastern Europe

In 2023, shipments abroad of cotton-seed oil decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, cotton-seed oil exports declined rapidly to $X in 2023. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Poland represented the main exporting country with an export of about X tons, which finished at X% of total exports. Russia (X tons) held the second position in the ranking, followed by Bulgaria (X tons). All these countries together held near X% share of total exports. Romania (X tons) took a relatively small share of total exports.

Poland was also the fastest-growing in terms of the cotton-seed oil exports, with a CAGR of X% from 2012 to 2023. At the same time, Romania (X%), Bulgaria (X%) and Russia (X%) displayed positive paces of growth. Poland (X p.p.), Bulgaria (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Bulgaria ($X), Russia ($X) and Poland ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Romania lagged somewhat behind, comprising a further X%.

Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

The export price in Eastern Europe stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Cotton-Seed Oil Imports

Imports in Eastern Europe

Cotton-seed oil imports skyrocketed to X tons in 2023, growing by X% against the year before. Overall, imports showed a modest increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, cotton-seed oil imports soared to $X in 2023. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Bulgaria prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2023. It was distantly followed by Russia (X tons), constituting a X% share of total imports. Poland (X tons) followed a long way behind the leaders.

Imports into Bulgaria increased at an average annual rate of X% from 2012 to 2023. At the same time, Russia (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Poland (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Bulgaria and Russia increased by X and X percentage points, respectively.

In value terms, Bulgaria ($X) constitutes the largest market for imported cotton-seed oil in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Bulgaria amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, reducing by X% against the previous year. Import price indicated a perceptible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cotton-seed oil import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform