Nicaragua: Cotton-Seed Oil Market 2020

Cotton-Seed Oil Market Size in Nicaragua

The revenue of the cotton-seed oil market in Nicaragua amounted to $X in 2018, waning by -X% against the previous year. In general, cotton-seed oil consumption continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. In that year, the cotton-seed oil market reached its peak level of $X. From 2011 to 2018, the growth of the cotton-seed oil market failed to regain its momentum.

Cotton-Seed Oil Production in Nicaragua

In value terms, cotton-seed oil production amounted to $X in 2018 estimated in export prices. Overall, cotton-seed oil production continues to indicate a slight decline. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, cotton-seed oil production attained its maximum level at $X in 2008; however, from 2009 to 2018, production stood at a somewhat lower figure.

Cotton-Seed Oil Exports

Exports from Nicaragua

In 2018, the exports of cotton-seed oil from Nicaragua stood at X kg, dropping by -X% against the previous year. Overall, cotton-seed oil exports continue to indicate a drastic decline. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Nicaragua exports peaked at X kg in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, cotton-seed oil exports amounted to $X in 2018. Over the period under review, cotton-seed oil exports continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, cotton-seed oil exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, the U.S. (X tons) and Australia (X tons) represented the largest exporters of cotton-seed oilacross the globe, together achieving X% of total exports. Kazakhstan (X tons) took the next position in the ranking, followed by Malaysia (X tons). All these countries together held near X% share of total exports. Benin (X tons), Argentina (X tons), Azerbaijan (X tons), South Africa (X tons), Burkina Faso (X tons) and Brazil (X tons) occupied a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Australia, while the other leaders experienced more modest paces of growth.

In value terms, the largest cotton-seed oil markets from Nicaragua were the U.S. ($X), Australia ($X) and Kazakhstan ($X), with a combined X% share of total exports. These countries were followed by Malaysia, South Africa, Benin, Argentina, Burkina Faso, Brazil, Azerbaijan and Nicaragua, which together accounted for a further X the main exporting countries, Nicaragua recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The cotton-seed oil export price in Nicaragua stood at $X per ton in 2018, rising by X% against the previous year. Overall, the cotton-seed oil export price continues to indicate outstanding growth. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. Nicaragua export price peaked in 2018 and is likely to continue its growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was South Africa ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Cotton-Seed Oil Imports

Imports into Nicaragua

In 2018, the amount of cotton-seed oil imported into Nicaragua stood at X tons, jumping by X% against the previous year. In general, cotton-seed oil imports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2009 when imports increased by X% year-to-year. Nicaragua imports peaked at X tons in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, cotton-seed oil imports stood at $X in 2018. In general, cotton-seed oil imports continue to indicate a deep decline. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. Nicaragua imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of cotton-seed oil imports in 2018 were Mexico (X tons), Malaysia (X tons), Australia (X tons), Saudi Arabia (X tons), Tajikistan (X tons), South Africa (X tons), Nigeria (X tons), Germany (X tons), Canada (X tons), India (X tons), Uzbekistan (X tons) and Kyrgyzstan (X tons), together recording X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Saudi Arabia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest cotton-seed oil importing markets into Nicaragua were Australia ($X), Malaysia ($X) and Mexico ($X), with a combined X% share of total imports. Tajikistan, Nigeria, Canada, South Africa, Germany, India, Uzbekistan, Kyrgyzstan, Saudi Arabia and Nicaragua lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the cotton-seed oil import price in Nicaragua amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the cotton-seed oil import price continues to indicate a dramatic setback. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. Nicaragua import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform