New Zealand: Cottonseed Market 2025

Cottonseed Market Size in New Zealand

The New Zealand cottonseed market fell dramatically to $X in 2022, shrinking by -93.7% against the previous year. Overall, consumption continues to indicate a dramatic decline. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Cottonseed Production in New Zealand

In value terms, cottonseed production shrank sharply to $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 30%. Over the period under review, production reached the maximum level at $X in 2021, and then shrank rapidly in the following year.

In 2022, the average cottonseed yield in New Zealand totaled less than X kg per ha, standing approx. at the year before. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of cottonseed were harvested in New Zealand; standing approx. at 2021 figures. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Cottonseed Exports

Exports from New Zealand

Cottonseed exports from New Zealand amounted to X tons in 2022, flattening at the previous year. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 3,070%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, cottonseed exports skyrocketed to $X in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2015 with an increase of 4,514% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Samoa (X tons), Fiji (X tons) and Austria (X kg) were the main destinations of cottonseed exports from New Zealand, together comprising 96% of total exports.

From 2014 to 2022, the biggest increases were recorded for Samoa (with a CAGR of +66.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cottonseed exported from New Zealand were Austria ($X), Samoa ($X) and Fiji ($X), with a combined 71% share of total exports.

Samoa, with a CAGR of +41.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cottonseed export price amounted to $X per ton, surging by 48% against the previous year. Overall, the export price, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2020 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (-4.4%).

Cottonseed Imports

Imports into New Zealand

In 2022, approx. X kg of cottonseed were imported into New Zealand; declining by -99.2% compared with the previous year. In general, imports recorded a dramatic decrease. The pace of growth was the most pronounced in 2014 when imports increased by 220%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cottonseed imports reduced notably to $X in 2022. Overall, imports faced a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 281%. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2022, India (X kg) was the main cottonseed supplier to New Zealand, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India stood at -28.0%.

In value terms, India ($X) constituted the largest supplier of cottonseed to New Zealand.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to -5.2%.

Import Prices by Country

In 2022, the average cottonseed import price amounted to $X per ton, with a decrease of -37.6% against the previous year. In general, the import price, however, saw a prominent increase. The pace of growth was the most pronounced in 2016 an increase of 259% against the previous year. The import price peaked at $X per ton in 2021, and then declined markedly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +46.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :