India: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in India

In 2021, the Indian cotton-seed oil market increased by 9.5% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, showed a deep downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Cotton-Seed Oil Production in India

In value terms, cotton-seed oil production declined to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 29% against the previous year. Cotton-seed oil production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Cotton-Seed Oil Exports

Exports from India

Cotton-seed oil exports from India expanded remarkably to X tons in 2021, with an increase of 12% compared with the previous year. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 620% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, cotton-seed oil exports amounted to $X in 2021. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 900% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for cotton-seed oil exports from India, with a 46% share of total exports. Moreover, cotton-seed oil exports to France exceeded the volume sent to the second major destination, Bhutan (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (-1.3% per year) and the United States (-99.0% per year).

In value terms, France ($X) remains the key foreign market for crude cotton-seed oil exports from India, comprising 48% of total exports. The second position in the ranking was taken by Bhutan ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (-2.3% per year) and the United States (-98.0% per year).

Export Prices by Country

The average cotton-seed oil export price stood at $X per ton in 2021, falling by -4.8% against the previous year. Over the period under review, the export price, however, continues to indicate a modest increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 99% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Bhutan ($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 (+125.6%), while the prices for the other major destinations experienced a decline.

Cotton-Seed Oil Imports

Imports into India

Cotton-seed oil imports into India amounted to X tons in 2021, remaining stable against the previous year's figure. In general, imports saw a dramatic downturn. The smallest decline of -20% was in 2019. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, cotton-seed oil imports totaled $X in 2021. Overall, imports recorded a dramatic decline. The smallest decline of -20% was in 2019. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Nepal (X kg), Canada (X kg) and the United States (X kg) were the main suppliers of cotton-seed oil imports to India.

From 2012 to 2021, the biggest increases were recorded for Nepal (with a CAGR of 0.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Nepal ($X) constituted the largest supplier of crude cotton-seed oil to India, comprising 68% of total imports. The second position in the ranking was taken by Canada ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Nepal was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (0.0% per year) and the United States (-69.7% per year).

Import Prices by Country

In 2021, the average cotton-seed oil import price amounted to $X per ton, stabilizing at the previous year. In general, the import price saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 a decrease of 99.9%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+123.6%).

Source: IndexBox Platform

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