Cote d'Ivoire: Refined Cotton-Seed Oil Market 2025

Refined Cotton-Seed Oil Market Size in Cote d'Ivoire

The Cote d'Ivoire's refined cotton-seed oil market declined to $X in 2022, waning by -7.8% against the previous year. In general, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.8% against 2020 indices. Refined cotton-seed oil consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Refined Cotton-Seed Oil Production in Cote d'Ivoire

In value terms, refined cotton-seed oil production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +12.4% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 33%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Refined Cotton-Seed Oil Exports

Exports from Cote d'Ivoire

In 2022, exports of refined cotton-seed oil from Cote d'Ivoire contracted rapidly to X tons, with a decrease of -75.2% against the previous year's figure. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 35,954%. As a result, the exports reached the peak of X tons, and then dropped dramatically in the following year.

In value terms, refined cotton-seed oil exports shrank remarkably to $X in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 45,416%. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

Niger (X tons) was the main destination for refined cotton-seed oil exports from Cote d'Ivoire, accounting for a 60% share of total exports. Moreover, refined cotton-seed oil exports to Niger exceeded the volume sent to the second major destination, Spain (X tons), sixfold. The third position in this ranking was taken by Togo (X tons), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to Niger stood at +1,215.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and Togo (0.0% per year).

In value terms, Niger ($X), Togo ($X) and Spain ($X) constituted the largest markets for refined cotton-seed oil exported from Cote d'Ivoire worldwide, with a combined 81% share of total exports.

Among the main countries of destination, Niger, with a CAGR of +616.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average refined cotton-seed oil export price amounted to $X per ton, jumping by 102% against the previous year. Overall, the export price saw buoyant growth. The pace of growth was the most pronounced in 2015 an increase of 147% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Togo ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+32.4%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Cotton-Seed Oil Imports

Imports into Cote d'Ivoire

In 2022, after two years of growth, there was decline in supplies from abroad of refined cotton-seed oil, when their volume decreased by -2.8% to X tons. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 729%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, refined cotton-seed oil imports declined to $X in 2022. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 640%. Over the period under review, imports attained the maximum at $X in 2021, and then contracted modestly in the following year.

Imports by Country

In 2022, Lebanon (X tons) constituted the largest refined cotton-seed oil supplier to Cote d'Ivoire, with a 67% share of total imports. Moreover, refined cotton-seed oil imports from Lebanon exceeded the figures recorded by the second-largest supplier, France (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Lebanon amounted to +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+25.9% per year) and Germany (-5.8% per year).

In value terms, the largest refined cotton-seed oil suppliers to Cote d'Ivoire were France ($X), Lebanon ($X) and Germany ($X).

France, with a CAGR of +41.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average refined cotton-seed oil import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2015 when the average import price increased by 50% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform