Report Update Nov 1, 2024

Azerbaijan - Crude Cotton-Seed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Azerbaijan

In 2021, the Azerbaijani cotton-seed oil market decreased by -93% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a sharp downturn. The pace of growth was the most pronounced in 2019 with an increase of 1.6%. Cotton-seed oil consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Cotton-Seed Oil Production in Azerbaijan

In value terms, cotton-seed oil production shrank remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 2,615%. Over the period under review, production attained the peak level at $X in 2020, and then declined significantly in the following year.

Cotton-Seed Oil Exports

Exports from Azerbaijan

In 2021, shipments abroad of crude cotton-seed oil increased by 23% to X tons, rising for the fourth year in a row after three years of decline. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 2,877% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, cotton-seed oil exports surged to $X in 2021. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 2,141%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Tajikistan (X tons) was the main destination for cotton-seed oil exports from Azerbaijan, with a 98% share of total exports. It was followed by Kyrgyzstan (X tons), with a 1.7% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to Tajikistan stood at +93.5%.

In value terms, Tajikistan ($X) remains the key foreign market for crude cotton-seed oil exports from Azerbaijan, comprising 98% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 1.7% share of total exports.

From 2013 to 2021, the average annual growth rate of value to Tajikistan totaled +86.5%.

Export Prices by Country

The average cotton-seed oil export price stood at $X per ton in 2021, rising by 47% against the previous year. Over the period under review, the export price, however, saw a pronounced setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Kyrgyzstan amounted to $X per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (-3.6%).

Cotton-Seed Oil Imports

Imports into Azerbaijan

Cotton-seed oil imports into Azerbaijan fell slightly to X tons in 2017, which is down by -3.7% against 2016. In general, imports showed a pronounced setback. Over the period under review, imports hit record highs at X tons in 2016, and then dropped slightly in the following year.

In value terms, cotton-seed oil imports totaled $X in 2017. The total import value increased at an average annual rate of +2.9% over the period from 2016 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2017, Turkey (X tons) was the main cotton-seed oil supplier to Azerbaijan, accounting for a approx. 100% share of total imports.

From 2016 to 2017, the average annual growth rate of volume from Turkey was relatively modest.

In value terms, Turkey ($X) constituted the largest supplier of crude cotton-seed oil to Azerbaijan.

From 2016 to 2017, the average annual growth rate of value from Turkey was relatively modest.

Import Prices by Country

In 2017, the average cotton-seed oil import price amounted to $X per ton, increasing by 6.9% against the previous year. Over the last one-year period, it increased at an average annual rate of +6.9%. As a result, import price attained the peak level 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 Turkey.

From 2016 to 2017, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude cotton-seed oil in the world?

The countries with the highest volumes of in 2021 were Benin, the United States and Kazakhstan, with a combined 79% share of global consumption. These countries were followed by Tajikistan, Kyrgyzstan and Turkmenistan, which together accounted for a further 11%.

What are the largest producers of crude cotton-seed oil in the world?

The countries with the highest volumes of in 2021 were Benin, the United States and Kazakhstan, together comprising 87% of global production.

What are the leading suppliers of crude cotton-seed oil to Azerbaijan?

In value terms, Turkey constituted the largest supplier of cotton-seed oil to Azerbaijan.

What are the leading importers of crude cotton-seed oil from Azerbaijan?

In value terms, Tajikistan remains the key foreign market for cotton-seed oil exports from Azerbaijan, comprising 98% of total exports. The second position in the ranking was occupied by Kyrgyzstan, with a 1.7% share of total exports.

What is the average export price for crude cotton-seed oil in Azerbaijan?

The average cotton-seed oil export price stood at $639 per ton in 2021, rising by 3.4% against the previous year.

What is the average import price for crude cotton-seed oil in Azerbaijan?

In 2017, the average cotton-seed oil import price amounted to $1,010 per ton, flattening at the previous year.

This report provides an in-depth analysis of the cotton-seed oil market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10412500 - Crude cotton-seed oil and its fractions (excluding chemically modified)

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023