France: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in France

The French cotton-seed oil market contracted slightly to $X in 2021, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, saw a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Cotton-Seed Oil Production in France

In value terms, cotton-seed oil production shrank markedly to $X in 2021 estimated in export price. Overall, production faced a precipitous shrinkage. Over the period under review, production attained the maximum level at $X in 2020, and then declined notably in the following year.

Cotton-Seed Oil Exports

Exports from France

In 2021, overseas shipments of crude cotton-seed oil decreased by -29.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 16,025%. As a result, the exports attained the peak of X tons, and then contracted notably in the following year.

In value terms, cotton-seed oil exports skyrocketed to $X in 2021. Overall, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 9,594%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

French Polynesia (X tons) was the main destination for cotton-seed oil exports from France, with a 55% 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 taken by Turkey (X tons), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to French Polynesia amounted to +693.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (0.0% 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 86% of total exports.

French Polynesia, with a CAGR of +579.6%, 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, surging by 97% against the previous year. Overall, the export price, however, continues to indicate a noticeable setback. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, 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 the United States (+86.5%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton-Seed Oil Imports

Imports into France

In 2021, after two years of decline, there was significant growth in overseas purchases of crude cotton-seed oil, when their volume increased by 1,000% to X tons. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, cotton-seed oil imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced downturn. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of cotton-seed oil to France, with a 63% share of total imports. Moreover, cotton-seed oil imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. India (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+35.1% per year) and India (+47.1% per year).

In value terms, the UK ($X) constituted the largest supplier of crude cotton-seed oil to France, comprising 55% of total imports. The second position in the ranking was taken by India ($X), with a 23% share of total imports. It was followed by Germany, with a 21% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+40.0% per year) and Germany (+37.4% per year).

Import Prices by Country

The average cotton-seed oil import price stood at $X per ton in 2021, falling by -9.3% against the previous year. In general, the import price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 13%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :