SADC: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in SADC

The SADC cotton-seed oil market shrank slightly to $X in 2023, with a decrease of X% against the previous year. In general, consumption showed a slight setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Cotton-Seed Oil Production in SADC

In value terms, cotton-seed oil production dropped rapidly to $X in 2023 estimated in export price. Overall, production continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a somewhat lower figure.

Cotton-Seed Oil Exports

Exports in SADC

In 2023, the amount of cotton-seed oil exported in SADC reduced sharply to X tons, which is down by X% on the year before. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, cotton-seed oil exports shrank markedly to $X in 2023. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa was the largest exporting country with an export of about X tons, which reached X% of total exports. Tanzania (X tons) took the second position in the ranking, distantly followed by Zimbabwe (X tons). All these countries together held near X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to cotton-seed oil exports from South Africa stood at X%. Tanzania experienced a relatively flat trend pattern. Zimbabwe (X%) illustrated a downward trend over the same period. While the share of Tanzania (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) and Zimbabwe (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest cotton-seed oil supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports.

In South Africa, cotton-seed oil exports declined by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Zimbabwe (X% per year).

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, waning by X% against the previous year. Export price indicated a mild expansion 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 export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

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

Cotton-Seed Oil Imports

Imports in SADC

In 2023, approx. X tons of cotton-seed oil were imported in SADC; with a decrease of X% compared with the previous year's figure. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, cotton-seed oil imports shrank significantly to $X in 2023. In general, imports recorded a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Democratic Republic of the Congo represented the major importer of cotton-seed oil in SADC, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. Lesotho (X tons) ranks second in terms of the total imports with a X% share, followed by Botswana (X%) and Namibia (X%). Mauritius (X tons) and South Africa (X tons) held a minor share of total imports.

Democratic Republic of the Congo was also the fastest-growing in terms of the cotton-seed oil imports, with a CAGR of X% from 2012 to 2023. At the same time, Mauritius (X%) displayed positive paces of growth. By contrast, Lesotho (X%), Namibia (X%), Botswana (X%) and South Africa (X%) illustrated a downward trend over the same period. While the share of Democratic Republic of the Congo (X p.p.), Lesotho (X p.p.) and Mauritius (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Democratic Republic of the Congo ($X) constitutes the largest market for imported cotton-seed oil in SADC, comprising X% of total imports. The second position in the ranking was held by Lesotho ($X), with a X% share of total imports. It was followed by Botswana, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Democratic Republic of the Congo totaled X%. In the other countries, the average annual rates were as follows: Lesotho (X% per year) and Botswana (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, falling by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Namibia ($X per ton), while South Africa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform