Benin: Cotton-Seed Oil Market 2020

Cotton-Seed Oil Market Size in Benin

The revenue of the cotton-seed oil market in Benin amounted to $X in 2018, shrinking by -X% against the previous year. In general, cotton-seed oil consumption continues to indicate a skyrocketing increase. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, the cotton-seed oil market attained its maximum level at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Cotton-Seed Oil Production in Benin

In value terms, cotton-seed oil production totaled $X in 2018 estimated in export prices. Overall, cotton-seed oil production, however, continues to indicate a deep deduction. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, cotton-seed oil production attained its peak figure level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Cotton-Seed Oil Exports

Exports from Benin

In 2018, the exports of cotton-seed oil from Benin amounted to X tons, declining by -X% against the previous year. Overall, cotton-seed oil exports continue to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2015 when exports decreased by -X% y-o-y. Benin exports peaked at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, cotton-seed oil exports amounted to $X in 2018. Overall, cotton-seed oil exports continue to indicate an abrupt decrease. The growth pace was the most rapid in 2011 with a decrease of -X% y-o-y. Benin exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

The U.S. (X tons) and Australia (X tons) represented roughly X% of total exports of cotton-seed oil in 2018. It was distantly followed by Kazakhstan (X tons) and Malaysia (X tons), together mixing up a X% share of total exports. The following exporters - Argentina (X tons), Azerbaijan (X tons), South Africa (X tons), Burkina Faso (X tons) and Brazil (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Australia, while the other leaders experienced more modest paces of growth.

In value terms, the largest cotton-seed oil markets from Benin were the U.S. ($X), Australia ($X) and Kazakhstan ($X), together accounting for X% of total exports.

Australia experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The cotton-seed oil export price in Benin stood at $X per ton in 2018, flattening at the previous year. In general, the cotton-seed oil export price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2017 when the export price increased by X% y-o-y. Benin export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was South Africa ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Cotton-Seed Oil Imports

Imports into Benin

In 2018, the cotton-seed oil imports into Benin amounted to X tons, coming down by -X% against the previous year. Over the period under review, cotton-seed oil imports continue to indicate a deep drop. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, cotton-seed oil imports attained their maximum at X tons in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, cotton-seed oil imports totaled $X in 2018. In general, cotton-seed oil imports continue to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Benin imports peaked at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of cotton-seed oil imports in 2018 were Mexico (X tons), Malaysia (X tons), Australia (X tons), Saudi Arabia (X tons), Tajikistan (X tons), South Africa (X tons), Nigeria (X tons), Germany (X tons), Canada (X tons), India (X tons), Uzbekistan (X tons) and Kyrgyzstan (X tons), together amounting to X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Saudi Arabia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest cotton-seed oil importing markets into Benin were Australia ($X), Malaysia ($X) and Mexico ($X), together accounting for X% of total imports. These countries were followed by Tajikistan, Nigeria, Canada, South Africa, Germany, India, Uzbekistan, Kyrgyzstan, Benin and Saudi Arabia, which together accounted for a further X experienced the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the cotton-seed oil import price in Benin amounted to $X per ton, rising by X% against the previous year. Over the period under review, the cotton-seed oil import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Benin import price peaked in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform