Germany: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Germany

The German cotton-seed oil market soared to $X in 2021, increasing by 670% against the previous year. In general, consumption showed a pronounced expansion. Cotton-seed oil consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Cotton-Seed Oil Production in Germany

In value terms, cotton-seed oil production stood at less than $X in 2021 estimated in export price. In general, production faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 with a decrease of 99.9%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Cotton-Seed Oil Exports

Exports from Germany

In 2021, after three years of decline, there was significant growth in overseas shipments of cotton-seed oil, when their volume increased by 147% to X tons. Over the period under review, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 343%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, cotton-seed oil exports soared to $X in 2021. In general, exports saw a resilient increase. The pace of growth appeared the most rapid in 2016 when exports increased by 226% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

France (X tons), Austria (X tons) and Spain (X tons) were the main destinations of cotton-seed oil exports from Germany, together comprising 88% of total exports. Belgium, Italy, the Netherlands, Ukraine and Poland lagged somewhat behind, together accounting for a further 8.7%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +38.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cotton-seed oil exported from Germany were France ($X), Austria ($X) and Spain ($X), together comprising 80% of total exports. These countries were followed by Ukraine, Belgium, Italy, the Netherlands and Poland, which together accounted for a further 13%.

Among the main countries of destination, Ukraine, with a CAGR of +40.9%, 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

The average cotton-seed oil export price stood at $X per ton in 2021, standing approx. at the previous year. In general, the export price, however, showed a mild descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 30% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Austria ($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 Poland (+13.3%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton-Seed Oil Imports

Imports into Germany

In 2021, imports of cotton-seed oil into Germany surged to X tons, with an increase of 58% on the year before. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 241% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, cotton-seed oil imports surged to $X in 2021. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 156%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Hungary (X tons), Austria (X tons) and France (X tons) were the main suppliers of cotton-seed oil imports to Germany, together comprising 89% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +289.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) constituted the largest supplier of cotton-seed oil to Germany, comprising 49% of total imports. The second position in the ranking was held by Austria ($X), with a 22% share of total imports. It was followed by France, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Hungary was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+228.0% per year) and France (+25.4% per year).

Import Prices by Country

In 2021, the average cotton-seed oil import price amounted to $X per ton, jumping by 31% against the previous year. Overall, the import price, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2020 an increase of 36% 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 2021, import prices failed to regain momentum.

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 France ($X per ton), while the price for Austria ($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 (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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