Azerbaijan: Cotton-Seed Oil Market 2025

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

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