Report Update Nov 1, 2024

Bangladesh - Refined Cotton-Seed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Refined Cotton-Seed Oil Market 2024

Refined Cotton-Seed Oil Market Size in Bangladesh

The Bangladeshi refined cotton-seed oil market rose modestly to $X in 2022, surging by 2% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Refined cotton-seed oil consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Refined Cotton-Seed Oil Production in Bangladesh

In value terms, refined cotton-seed oil production rose sharply to $X in 2022 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.1% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 26% against the previous year. 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.

Refined Cotton-Seed Oil Exports

Exports from Bangladesh

In 2020, after two years of decline, there was decline in shipments abroad of refined cotton-seed oil, when their volume decreased by 0% to X kg. In general, exports faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by 232% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2020, the growth of the exports failed to regain momentum.

In value terms, refined cotton-seed oil exports amounted to $X in 2020. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 when exports increased by 313%. As a result, the exports reached the peak of $X. From 2014 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X kg) was the main destination for refined cotton-seed oil exports from Bangladesh, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Malaysia was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to Malaysia was relatively modest.

Export Prices by Country

The average refined cotton-seed oil export price stood at $X per ton in 2020, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a significant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 24%. The export price peaked in 2020 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2020, the rate of growth in terms of prices for the United States amounted to +38.7% per year.

Refined Cotton-Seed Oil Imports

Imports into Bangladesh

In 2022, after two years of decline, there was significant growth in purchases abroad of refined cotton-seed oil, when their volume increased by 18% to X kg. In general, imports, however, faced a sharp contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 220%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, refined cotton-seed oil imports expanded sharply to $X in 2022. Over the period under review, imports, however, recorded a sharp setback. The growth pace was the most rapid in 2019 with an increase of 452% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Australia (X kg) was the main supplier of refined cotton-seed oil to Bangladesh, accounting for a 98% share of total imports. It was followed by India (X kg), with a 1.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia stood at -38.5%.

In value terms, Australia ($X) constituted the largest supplier of refined cotton-seed oil to Bangladesh, comprising 81% of total imports. The second position in the ranking was taken by India ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Australia totaled -29.6%.

Import Prices by Country

In 2022, the average refined cotton-seed oil import price amounted to $X per ton, reducing by -3.9% against the previous year. Over the period under review, the import price, however, posted strong growth. The pace of growth appeared the most rapid in 2019 an increase of 72% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+151.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 34% of global consumption. Japan, Germany, Russia, Brazil, Indonesia, Bangladesh, Pakistan, the UK, France and Italy lagged somewhat behind, together accounting for a further 24%.

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

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 34% share of global production. These countries were followed by Japan, Brazil, Germany, Russia, Indonesia, Bangladesh, Pakistan, the UK, France and Italy, which together accounted for a further 24%.

What are the leading suppliers of refined cotton-seed oil to Bangladesh?

In value terms, Australia $247) constituted the largest supplier of refined cotton-seed oil to Bangladesh.

What is the average export price for refined cotton-seed oil in Bangladesh?

The average refined cotton-seed oil export price stood at $8,261 per ton in 2020, flattening at the previous year.

What is the average import price for refined cotton-seed oil in Bangladesh?

The average refined cotton-seed oil import price stood at $393 per ton in 2021, with an increase of 4.8% against the previous year.

This report provides an in-depth analysis of the refined cotton-seed oil market in Bangladesh. 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 10415500 - Refined cotton-seed oil and its fractions (excluding chemically modified)

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
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