Germany: Refined Cotton-Seed Oil Market 2024

Refined Cotton-Seed Oil Market Size in Germany

The German refined cotton-seed oil market amounted to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Refined cotton-seed oil consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Refined Cotton-Seed Oil Production in Germany

In value terms, refined cotton-seed oil production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 34% against the previous year. Refined cotton-seed oil production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Refined Cotton-Seed Oil Exports

Exports from Germany

Refined cotton-seed oil exports from Germany declined remarkably to X tons in 2022, dropping by -80% against the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 375%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined cotton-seed oil exports shrank markedly to $X in 2022. In general, exports, however, posted a temperate increase. The growth pace was the most rapid in 2016 with an increase of 230% against the previous year. The exports peaked at $X in 2021, and then shrank remarkably in the following year.

Exports by Country

Mexico (X tons), France (X tons) and Italy (X tons) were the main destinations of refined cotton-seed oil exports from Germany, together comprising 49% of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +46.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refined cotton-seed oil exported from Germany were Mexico ($X), France ($X) and Italy ($X), with a combined 52% share of total exports.

Among the main countries of destination, Mexico, with a CAGR of +46.0%, 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 refined cotton-seed oil export price stood at $X per ton in 2022, picking up by 45% against the previous year. In general, the export price enjoyed a perceptible increase. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Cotton-Seed Oil Imports

Imports into Germany

In 2022, approx. X tons of refined cotton-seed oil were imported into Germany; with a decrease of -95.9% against the previous year. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by 262% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, refined cotton-seed oil imports reduced markedly to $X in 2022. Over the period under review, imports showed a deep reduction. The growth pace was the most rapid in 2014 when imports increased by 185% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of refined cotton-seed oil to Germany, accounting for a 88% share of total imports. Moreover, refined cotton-seed oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. The United States (X kg) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +40.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.6% per year) and the United States (+9.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of refined cotton-seed oil to Germany, comprising 62% of total imports. The second position in the ranking was held by France ($X), with a 19% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +28.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.1% per year) and the United States (+8.7% per year).

Import Prices by Country

The average refined cotton-seed oil import price stood at $X per ton in 2022, increasing by 31% against the previous year. Overall, the import price continues to indicate slight growth. The growth pace was the most rapid in 2020 when the average import price increased by 37%. The import price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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