SADC: Cottonseed Market 2024

Cottonseed Market Size in SADC

The SADC cottonseed market expanded to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, recorded a mild downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cottonseed Production in SADC

In value terms, cottonseed production expanded markedly to $X in 2022 estimated in export price. In general, production continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Tanzania (X tons) constituted the country with the largest volume of cottonseed production, accounting for X% of total volume. Moreover, cottonseed production in Tanzania exceeded the figures recorded by the second-largest producer, Zimbabwe (X tons), threefold. South Africa (X tons) ranked third in terms of total production with an X% share.

In Tanzania, cottonseed production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Zimbabwe (X% per year) and South Africa (X% per year).

Cottonseed Exports

Exports in SADC

Cottonseed exports amounted to X tons in 2022, growing by X% on 2021 figures. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, cottonseed exports expanded sharply to $X in 2022. Overall, exports, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Malawi (X tons) and Mozambique (X tons) represented roughly X% of total exports in 2022. Tanzania (X tons) ranks next in terms of the total exports with a X% share, followed by Zambia (X%). Swaziland (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest cottonseed supplying countries in SADC were Malawi ($X), Mozambique ($X) and Tanzania ($X), together accounting for X% of total exports.

Tanzania, with a CAGR of X%, saw the highest growth rate of 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

The export price in SADC stood at $X per ton in 2022, almost unchanged from the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cottonseed export price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a lower figure.

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 Tanzania ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced more modest paces of growth.

Cottonseed Imports

Imports in SADC

In 2022, after three years of decline, there was significant growth in purchases abroad of cottonseed, when their volume increased by X% to X tons. Overall, imports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, cottonseed imports skyrocketed to $X in 2022. In general, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Africa was the key importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Zimbabwe (X tons), committing a X% share of total imports.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Zimbabwe (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Zimbabwe and South Africa increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cottonseed importing markets in SADC were South Africa ($X) and Zimbabwe ($X).

Among the main importing countries, Zimbabwe, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cottonseed import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Zimbabwe ($X per ton), while South Africa stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (X%).

Source: IndexBox Platform

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