Australia: Cottonseed Market 2025

Cottonseed Market Size in Australia

In 2022, the Australian cottonseed market decreased by -33.8% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption faced a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Cottonseed Production in Australia

In value terms, cottonseed production dropped remarkably to $X in 2022 estimated in export price. Overall, production, however, saw a deep setback. The growth pace was the most rapid in 2021 with an increase of 51%. Cottonseed production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of cottonseed in Australia was estimated at less than X kg per ha, stabilizing at the year before. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cottonseed production in Australia stood at less than X ha, approximately mirroring 2021 figures. Over the period under review, the harvested area showed a relatively flat trend pattern.

Cottonseed Exports

Exports from Australia

In 2022, shipments abroad of cottonseed increased by 134% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 8,030%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cottonseed exports skyrocketed to $X in 2022. Overall, exports recorded a modest increase. The most prominent rate of growth was recorded in 2021 when exports increased by 7,770% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for cottonseed exports from Australia, accounting for a 75% share of total exports. Moreover, cottonseed exports to China exceeded the volume sent to the second major destination, South Korea (X tons), sixfold. Japan (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-2.3% per year) and Japan (-7.2% per year).

In value terms, China ($X) remains the key foreign market for cottonseed exports from Australia, comprising 77% of total exports. The second position in the ranking was held by South Korea ($X), with an 11% share of total exports. It was followed by Japan, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+0.4% per year) and Japan (-5.4% per year).

Export Prices by Country

In 2022, the average cottonseed export price amounted to $X per ton, growing by 5.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2019 an increase of 43%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and China ($X per ton), while the average price for exports to Japan ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cottonseed Imports

Imports into Australia

In 2022, imports of cottonseed into Australia fell remarkably to X kg, dropping by -82.6% compared with 2021 figures. In general, imports saw a deep setback. The pace of growth appeared the most rapid in 2017 when imports increased by 748% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, cottonseed imports fell markedly to $X in 2022. Over the period under review, imports saw a noticeable decrease. The pace of growth was the most pronounced in 2017 with an increase of 492% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X kg) was the main cottonseed supplier to Australia, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +83.1%.

In value terms, India ($X) constituted the largest supplier of cottonseed to Australia.

From 2012 to 2022, the average annual growth rate of value from India amounted to +114.1%.

Import Prices by Country

The average cottonseed import price stood at $X per ton in 2022, surging by 70% against the previous year. Over the period under review, the import price saw a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 440%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +23.0% per year.

Source: IndexBox Platform

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