Report Update Nov 1, 2024

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

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Kuwait: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Kuwait

In 2021, the Kuwaiti cotton-seed oil market decreased by -75.2% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, continues to indicate a resilient expansion. Cotton-seed oil consumption peaked at $X in 2020, and then fell remarkably in the following year.

Cotton-Seed Oil Exports

Exports from Kuwait

In 2021, shipments abroad of cotton-seed oil decreased by -1.2% to X tons, falling for the fourth year in a row after three years of growth. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2016 when exports increased by 245% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, cotton-seed oil exports rose notably to $X in 2021. Over the period under review, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2016 with an increase of 19% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for cotton-seed oil exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled -10.3%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for cotton-seed oil exports from Kuwait.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia totaled -20.1%.

Export Prices by Country

The average cotton-seed oil export price stood at $X per ton in 2021, with an increase of 9.5% against the previous year. In general, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2013 an increase of 20%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to -10.9% per year.

Cotton-Seed Oil Imports

Imports into Kuwait

In 2021, overseas purchases of cotton-seed oil decreased by -79.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 380% against the previous year. Imports peaked at X tons in 2020, and then fell markedly in the following year.

In value terms, cotton-seed oil imports dropped sharply to $X in 2021. In general, imports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 204%. Imports peaked at $X in 2020, and then reduced markedly in the following year.

Imports by Country

Turkey (X tons), the United Arab Emirates (X tons) and Egypt (X tons) were the main suppliers of cotton-seed oil imports to Kuwait, with a combined 75% share of total imports. These countries were followed by Saudi Arabia, Oman and Spain, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +125.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of cotton-seed oil to Kuwait, comprising 41% of total imports. The second position in the ranking was taken by Egypt ($X), with a 20% share of total imports. It was followed by Saudi Arabia, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-3.7% per year) and Saudi Arabia (+9.5% per year).

Import Prices by Country

In 2021, the average cotton-seed oil import price amounted to $X per ton, jumping by 56% against the previous year. In general, the import price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2016 an increase of 77%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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 Saudi Arabia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of cotton-seed oil consumption in 2020 were China, India and Pakistan, together comprising 63% of global consumption. These countries were followed by Brazil, Turkey, the United States, Uzbekistan, Mexico, Burkina Faso and Mali, which together accounted for a further 23%.

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

The countries with the highest volumes of cotton-seed oil production in 2020 were China, India and Pakistan, with a combined 63% share of global production. Brazil, the United States, Turkey, Uzbekistan, Burkina Faso and Mali lagged somewhat behind, together comprising a further 23%.

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

In value terms, Saudi Arabia constituted the largest supplier of cotton-seed oil to Kuwait, comprising 81% of total imports. The second position in the ranking was occupied by Turkey, with a 9.1% share of total imports.

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

In 2020, the average cotton-seed oil export price amounted to $1,006 per ton, approximately equating the previous year.

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

The average cotton-seed oil import price stood at $1,071 per ton in 2020, dropping by -7.1% against the previous year.

This report provides an in-depth analysis of the cotton-seed oil market in Kuwait. 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:

FCL 331 - Oil of Cottonseed

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
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