EU: Cottonseed Market 2025

Cottonseed Market Size in the EU

For the third consecutive year, the EU cottonseed market recorded growth in sales value, which increased by 3.4% to $X in 2022. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +2.6% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Cottonseed Production in the EU

In value terms, cottonseed production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 62%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The country with the largest volume of cottonseed production was Greece (X tons), accounting for 92% of total volume. Moreover, cottonseed production in Greece exceeded the figures recorded by the second-largest producer, Spain (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume in Greece amounted to +9.7%.

Cottonseed Exports

Exports in the EU

Cottonseed exports skyrocketed to X tons in 2022, jumping by 32% compared with 2021 figures. Total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.0% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of 48% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, cottonseed exports soared to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +112.8% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Greece prevails in exports structure, recording X tons, which was near 97% of total exports in 2022. Spain (X tons) held a minor share of total exports.

Exports from Greece increased at an average annual rate of +2.1% from 2012 to 2022. At the same time, Spain (+2.8%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +2.8% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Greece ($X) remains the largest cottonseed supplier in the European Union, comprising 89% of total exports. The second position in the ranking was held by Spain ($X), with a 6.9% share of total exports.

In Greece, cottonseed exports increased at an average annual rate of +4.1% over the period from 2012-2022.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, surging by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2021 when the export price increased by 49%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($X per ton), while Greece amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.4%).

Cottonseed Imports

Imports in the EU

Cottonseed imports soared to X tons in 2022, rising by 28% compared with 2021 figures. Over the period under review, imports, however, recorded a slight setback. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, cottonseed imports soared to $X in 2022. Total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy represented the major importer of cottonseed in the European Union, with the volume of imports amounting to X tons, which was approx. 74% of total imports in 2022. It was distantly followed by Spain (X tons), comprising a 20% share of total imports. The Czech Republic (X tons) followed a long way behind the leaders.

Imports into Italy decreased at an average annual rate of -1.9% from 2012 to 2022. At the same time, the Czech Republic (+22.0%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the European Union, with a CAGR of +22.0% from 2012-2022. Spain experienced a relatively flat trend pattern. While the share of Spain (+4 p.p.) and the Czech Republic (+2.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Italy (-3.9 p.p.) displayed negative dynamics.

In value terms, Italy ($X) constitutes the largest market for imported cottonseed in the European Union, comprising 66% of total imports. The second position in the ranking was taken by Spain ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Italy was relatively modest. In the other countries, the average annual rates were as follows: Spain (+5.7% per year) and the Czech Republic (+25.7% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, surging by 17% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cottonseed import price increased by +72.0% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 47%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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