Middle East: Cottonseed Market 2025

Cottonseed Market Size in the Middle East

The Middle Eastern cottonseed market shrank modestly to $X in 2022, declining by -4.8% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cottonseed Production in the Middle East

In value terms, cottonseed production shrank modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 25%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Turkey (X tons) constituted the country with the largest volume of cottonseed production, comprising approx. 87% of total volume. Moreover, cottonseed production in Turkey exceeded the figures recorded by the second-largest producer, Iran (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Turkey stood at -1.9%. In the other countries, the average annual rates were as follows: Iran (-5.1% per year) and Syrian Arab Republic (-16.2% per year).

Cottonseed Exports

Exports in the Middle East

In 2022, overseas shipments of cottonseed increased by 19% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed a prominent increase. The growth pace was the most rapid in 2017 with an increase of 101% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, cottonseed exports soared to $X in 2022. In general, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 78% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Turkey was the key exporting country with an export of around X tons, which finished at 66% of total exports. It was distantly followed by Israel (X tons), committing a 34% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +14.9%).

In value terms, the largest cottonseed supplying countries in the Middle East were Turkey ($X) and Israel ($X).

Among the main exporting countries, Israel, with a CAGR of +19.2%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with an increase of 8.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 48%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+3.8%).

Cottonseed Imports

Imports in the Middle East

In 2022, overseas purchases of cottonseed increased by 8.8% to X tons, rising for the fourth year in a row after two years of decline. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.0% against 2018 indices. The growth pace was the most rapid in 2019 when imports increased by 25%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, cottonseed imports rose modestly to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.5% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Saudi Arabia (X tons) represented the largest importer of cottonseed, mixing up 57% of total imports. Turkey (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (16%) and Oman (5.7%). Iran (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cottonseed imports into Saudi Arabia stood at +2.5%. At the same time, Turkey (+63.6%), Oman (+32.8%), the United Arab Emirates (+23.7%) and Iran (+3.6%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +63.6% from 2012-2022. From 2012 to 2022, the share of Turkey, the United Arab Emirates and Oman increased by +19, +12 and +5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported cottonseed in the Middle East, comprising 57% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by Turkey, with a 13% share.

In Saudi Arabia, cottonseed imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+15.5% per year) and Turkey (+46.7% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, which is down by -3.5% against the previous year. Over the period under review, the import price saw a noticeable slump. The pace of growth was the most pronounced in 2021 when the import price increased by 26%. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+12.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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