Netherlands: Refined Cotton-Seed Oil Market 2024

Refined Cotton-Seed Oil Market Size in the Netherlands

The Dutch refined cotton-seed oil market rose significantly to $X in 2022, with an increase of 10% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Refined Cotton-Seed Oil Production in the Netherlands

In value terms, refined cotton-seed oil production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Refined Cotton-Seed Oil Exports

Exports from the Netherlands

For the fourth year in a row, the Netherlands recorded decline in overseas shipments of refined cotton-seed oil, which decreased by 0% to X kg in 2022. In general, exports faced a sharp decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 2,029%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, refined cotton-seed oil exports totaled $X in 2022. Overall, exports showed a sharp contraction. The pace of growth was the most pronounced in 2018 when exports increased by 2,128% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X kg), Belgium (X kg) and Sweden (X kg) were the main destinations of refined cotton-seed oil exports from the Netherlands, together accounting for 87% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of -43.8%), while shipments for the other leaders experienced a decline.

In value terms, Belgium ($X), Germany ($X) and Sweden ($X) were the largest markets for refined cotton-seed oil exported from the Netherlands worldwide, with a combined 93% share of total exports.

Belgium, with a CAGR of -32.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average refined cotton-seed oil export price amounted to $X per ton, flattening at the previous year. In general, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 438%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+32.9%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Cotton-Seed Oil Imports

Imports into the Netherlands

After two years of decline, supplies from abroad of refined cotton-seed oil increased by 96,140% to X tons in 2022. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, refined cotton-seed oil imports soared to $X in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest refined cotton-seed oil supplier to the Netherlands, accounting for a 84% share of total imports. Moreover, refined cotton-seed oil imports from the United States exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. The third position in this ranking was held by Belgium (X tons), with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +138.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+28.4% per year) and Belgium (-7.4% per year).

In value terms, the United States ($X) constituted the largest supplier of refined cotton-seed oil to the Netherlands, comprising 97% of total imports. The second position in the ranking was taken by Turkey ($X), with a 3.3% share of total imports. It was followed by Belgium, with a 0.1% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +130.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+31.7% per year) and Belgium (-3.9% per year).

Import Prices by Country

The average refined cotton-seed oil import price stood at $X per ton in 2022, declining by -54.5% against the previous year. In general, the import price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 555%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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