Report Update Nov 1, 2024

Kenya - Crude Cotton-Seed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Kenya

In 2021, after eight years of decline, there was significant growth in the Kenyan cotton-seed oil market, when its value increased by 47% to $X. Over the period under review, consumption, however, saw a significant decline. Cotton-seed oil consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Cotton-Seed Oil Production in Kenya

In value terms, cotton-seed oil production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a slight expansion. The growth pace was the most rapid in 2018 with an increase of 7.3% against the previous year. Cotton-seed oil production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Cotton-Seed Oil Exports

Exports from Kenya

In 2021, shipments abroad of crude cotton-seed oil decreased by -11.7% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2017 when exports increased by 979%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cotton-seed oil exports fell modestly to $X in 2021. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 1,351%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malawi (X tons) was the main destination for cotton-seed oil exports from Kenya, with a approx. 100% share of total exports.

From 2014 to 2017, the average annual rate of growth in terms of volume to Malawi was relatively modest.

From 2014 to 2017, the average annual rate of growth in terms of value to Malawi was relatively modest.

Export Prices by Country

The average cotton-seed oil export price stood at $X per ton in 2017, increasing by 34% against the previous year. Over the period under review, export price indicated significant growth from 2014 to 2017: its price increased at an average annual rate of +21.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, cotton-seed oil export price increased by +81.1% against 2014 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Malawi.

From 2014 to 2017, the rate of growth in terms of prices for Malawi amounted to 0.0% per year.

Cotton-Seed Oil Imports

Imports into Kenya

In 2021, after eight years of decline, there was significant growth in supplies from abroad of crude cotton-seed oil, when their volume increased by 5.4% to X kg. In general, imports, however, recorded a precipitous decline. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, cotton-seed oil imports expanded to $X in 2021. Over the period under review, imports, however, continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 12%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X kg) was the main cotton-seed oil supplier to Kenya, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey was relatively modest.

In value terms, Turkey ($X) constituted the largest supplier of crude cotton-seed oil to Kenya.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey was relatively modest.

Import Prices by Country

In 2021, the average cotton-seed oil import price amounted to $X per ton, declining by -1.6% against the previous year. In general, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cotton-seed oil import price increased by +91.1% against 2012 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then contracted in the following year.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude cotton-seed oil in the world?

The countries with the highest volumes of in 2021 were Benin, the United States and Kazakhstan, with a combined 79% share of global consumption. These countries were followed by Tajikistan, Kyrgyzstan and Turkmenistan, which together accounted for a further 11%.

What are the largest producers of crude cotton-seed oil in the world?

The countries with the highest volumes of in 2021 were Benin, the United States and Kazakhstan, together comprising 87% of global production.

What are the leading suppliers of crude cotton-seed oil to Kenya?

In value terms, Turkey $483) constituted the largest supplier of cotton-seed oil to Kenya.

What is the average export price for crude cotton-seed oil in Kenya?

In 2017, the average cotton-seed oil export price amounted to $2,173 per ton, rising by 34% against the previous year.

What is the average import price for crude cotton-seed oil in Kenya?

The average cotton-seed oil import price stood at $1,372 per ton in 2021, falling by -10.4% against the previous year.

This report provides an in-depth analysis of the cotton-seed oil market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10412500 - Crude cotton-seed oil and its fractions (excluding chemically modified)

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023