France: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in France

The French cotton-seed oil market contracted sharply to $X in 2021, with a decrease of -78.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt setback. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Cotton-Seed Oil Exports

Exports from France

Cotton-seed oil exports from France fell rapidly to X tons in 2021, which is down by -66.2% compared with 2020 figures. Overall, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by 3,021% against the previous year. As a result, the exports reached the peak of X tons, and then reduced notably in the following year.

In value terms, cotton-seed oil exports dropped markedly to $X in 2021. In general, exports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2020 with an increase of 2,282% against the previous year. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

French Polynesia (X tons) was the main destination for cotton-seed oil exports from France, with a 47% share of total exports. Moreover, cotton-seed oil exports to French Polynesia exceeded the volume sent to the second major destination, New Caledonia (X tons), twofold. The third position in this ranking was held by Turkey (X tons), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to French Polynesia totaled +63.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+737.1% per year) and Turkey (0.0% per year).

In value terms, Turkey ($X), French Polynesia ($X) and New Caledonia ($X) appeared to be the largest markets for cotton-seed oil exported from France worldwide, together comprising 68% of total exports.

New Caledonia, with a CAGR of +651.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cotton-seed oil export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price saw a deep slump. The pace of growth was the most pronounced in 2017 an increase of 17%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+35.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton-Seed Oil Imports

Imports into France

In 2021, imports of cotton-seed oil into France contracted dramatically to X tons, waning by -77.7% compared with the previous year's figure. In general, imports saw a deep reduction. The growth pace was the most rapid in 2017 with an increase of 3,110% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, cotton-seed oil imports plummeted to $X in 2021. Over the period under review, imports showed a mild slump. The pace of growth appeared the most rapid in 2017 with an increase of 1,987%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest cotton-seed oil supplier to France, with a 80% share of total imports. Moreover, cotton-seed oil imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X tons), ninefold. Belgium (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+3.4% per year) and Belgium (-23.6% per year).

In value terms, the largest cotton-seed oil suppliers to France were Germany ($X), the United States ($X) and the UK ($X), with a combined 89% share of total imports. India and Belgium lagged somewhat behind, together accounting for a further 8.4%.

India, with a CAGR of +42.0%, saw the highest growth rate of 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 cotton-seed oil import price stood at $X per ton in 2021, surging by 142% against the previous year. Overall, the import price recorded a pronounced increase. The pace of growth appeared the most rapid in 2019 an increase of 416% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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