Middle East: Refined Cotton-Seed Oil Market 2025

Refined Cotton-Seed Oil Market Size in the Middle East

In 2022, the Middle Eastern refined cotton-seed oil market increased by 0.4% to $X, rising for the second year in a row after two years of decline. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Refined Cotton-Seed Oil Production in the Middle East

In value terms, refined cotton-seed oil production reduced remarkably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate strong growth. The growth pace was the most rapid in 2021 with an increase of 61% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Refined Cotton-Seed Oil Exports

Exports in the Middle East

Refined cotton-seed oil exports contracted significantly to X tons in 2022, declining by -44.4% on 2021. In general, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of 478%. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell remarkably in the following year.

In value terms, refined cotton-seed oil exports dropped rapidly to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2019 when exports increased by 406% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then plummeted in the following year.

Exports by Country

Turkey prevails in exports structure, recording X tons, which was approx. 94% of total exports in 2022. The following exporters - Yemen (X tons) and Iran (X tons) - each finished at a 3.6% share of total exports.

Turkey was also the fastest-growing in terms of the refined cotton-seed oil exports, with a CAGR of +22.4% from 2012 to 2022. At the same time, Iran (+4.5%) displayed positive paces of growth. By contrast, Yemen (-18.5%) illustrated a downward trend over the same period. Turkey (+60 p.p.) significantly strengthened its position in terms of the total exports, while Yemen saw its share reduced by -41.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest refined cotton-seed oil supplier in the Middle East, comprising 97% of total exports. The second position in the ranking was taken by Iran ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +23.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (+5.5% per year) and Yemen (-38.9% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, surging by 20% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 42% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.2%), while the other leaders experienced mixed trends in the export price figures.

Refined Cotton-Seed Oil Imports

Imports in the Middle East

In 2022, supplies from abroad of refined cotton-seed oil was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2014 with an increase of 47%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, refined cotton-seed oil imports surged to $X in 2022. Overall, imports, however, continue to indicate a pronounced descent. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons), Israel (X tons) and Syrian Arab Republic (X tons) was the key importer of refined cotton-seed oil in the Middle East, committing 86% of total import. Qatar (X tons), Kuwait (X tons), Bahrain (X tons) and Iraq (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Turkey (with a CAGR of +46.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest refined cotton-seed oil importing markets in the Middle East were Israel ($X), Turkey ($X) and Syrian Arab Republic ($X), with a combined 80% share of total imports.

Among the main importing countries, Turkey, with a CAGR of +33.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, surging by 8.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 24% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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