Eastern Europe: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Eastern Europe

The East European cotton-seed oil market reduced to $X in 2021, with a decrease of -13.3% against the previous year. Over the period under review, consumption continues to indicate a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Cotton-Seed Oil Production in Eastern Europe

In value terms, cotton-seed oil production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 11% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Cotton-Seed Oil Exports

Exports in Eastern Europe

In 2021, overseas shipments of cotton-seed oil increased by 306% to X tons, rising for the second consecutive year after two years of decline. Overall, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cotton-seed oil exports surged to $X in 2021. In general, exports posted a temperate expansion. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Ukraine (X tons) was the major exporter of cotton-seed oil, comprising 77% of total exports. It was distantly followed by Poland (X tons), constituting a 23% share of total exports.

Exports from Ukraine increased at an average annual rate of +13.1% from 2012 to 2021. At the same time, Poland (+111.7%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +111.7% from 2012-2021. While the share of Poland (+23 p.p.) and Ukraine (+18 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X) and Poland ($X) appeared to be the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, Poland, with a CAGR of +105.6%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, dropping by -10% against the previous year. In general, the export price recorded a abrupt slump. The growth pace was the most rapid in 2019 when the export price increased by 14% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Ukraine stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-2.9%).

Cotton-Seed Oil Imports

Imports in Eastern Europe

In 2021, cotton-seed oil imports in Eastern Europe soared to X tons, rising by 181% against the previous year. Over the period under review, imports showed a modest increase. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, cotton-seed oil imports soared to $X in 2021. Overall, imports posted a measured increase. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Bulgaria was the largest importing country with an import of around X tons, which amounted to 68% of total imports. Poland (X tons) took the second position in the ranking, followed by Russia (X tons). All these countries together took approx. 26% share of total imports. Romania (X tons) held a minor share of total imports.

Imports into Bulgaria increased at an average annual rate of +34.3% from 2012 to 2021. At the same time, Poland (+36.7%) and Russia (+23.5%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +36.7% from 2012-2021. By contrast, Romania (-27.1%) illustrated a downward trend over the same period. Bulgaria (+62 p.p.), Poland (+14 p.p.) and Russia (+9.1 p.p.) significantly strengthened its position in terms of the total imports, while Romania saw its share reduced by -80.4% from 2012 to 2021, respectively.

In value terms, Bulgaria ($X) constitutes the largest market for imported cotton-seed oil in Eastern Europe, comprising 65% of total imports. The second position in the ranking was held by Poland ($X), with a 19% share of total imports. It was followed by Russia, with a 10% share.

In Bulgaria, cotton-seed oil imports increased at an average annual rate of +33.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+30.8% per year) and Russia (+14.2% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, increasing by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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