Report Update Nov 1, 2024

Philippines - Cotton-Seed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in the Philippines

In 2021, the Philippine cotton-seed oil market decreased by -26.6% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a perceptible shrinkage. Cotton-seed oil consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Cotton-Seed Oil Production in the Philippines

In value terms, cotton-seed oil production fell rapidly to $X in 2021 estimated in export price. Overall, production enjoyed a prominent expansion. The growth pace was the most rapid in 2014 when the production volume increased by 125% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then shrank dramatically in the following year.

Cotton-Seed Oil Exports

Exports from the Philippines

In 2021, shipments abroad of cotton-seed oil decreased by 0% to X kg for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports recorded a dramatic curtailment. The smallest decline of -58.6% was in 2018. The exports peaked at X kg in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, cotton-seed oil exports stood at $X in 2021. Overall, exports posted buoyant growth. The smallest decline of -38.7% was in 2018. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Norway (X kg) was the main destination for cotton-seed oil exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2017 to 2021, the average annual growth rate of volume to Norway was relatively modest.

From 2017 to 2021, the average annual growth rate of value to Norway was relatively modest.

Export Prices by Country

In 2021, the average cotton-seed oil export price amounted to $X per ton, stabilizing at the previous year. In general, the export price showed significant growth. The pace of growth was the most pronounced in 2018 an increase of 48%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Norway.

From 2017 to 2021, the rate of growth in terms of prices for Canada amounted to 0.0% per year.

Cotton-Seed Oil Imports

Imports into the Philippines

In 2021, purchases abroad of cotton-seed oil decreased by -66.4% to X kg, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 1,381% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, cotton-seed oil imports declined dramatically to $X in 2021. In general, imports faced a dramatic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 1,014%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X kg) was the main supplier of cotton-seed oil to the Philippines, with a 94% share of total imports. Moreover, cotton-seed oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, Italy (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia amounted to -25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-20.0% per year) and the United States (-42.3% per year).

In value terms, Malaysia ($X) constituted the largest supplier of cotton-seed oil to the Philippines, comprising 89% of total imports. The second position in the ranking was held by the United States ($X), with a 4.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Malaysia totaled -27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-43.0% per year) and Italy (-29.6% per year).

Import Prices by Country

In 2021, the average cotton-seed oil import price amounted to $X per ton, declining by -10.2% against the previous year. Overall, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 41% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cotton-seed oil in the world?

The countries with the highest volumes of cotton-seed oil consumption in 2020 were China, India and Pakistan, with a combined 63% share of global consumption. Brazil, Turkey, the United States, Uzbekistan, Mexico, Burkina Faso and Mali lagged somewhat behind, together comprising a further 23%.

What are the largest producers of cotton-seed oil in the world?

The countries with the highest volumes of cotton-seed oil production in 2020 were China, India and Pakistan, with a combined 63% share of global production. Brazil, the United States, Turkey, Uzbekistan, Burkina Faso and Mali lagged somewhat behind, together accounting for a further 23%.

What are the leading suppliers of cotton-seed oil to the Philippines?

In value terms, the United States constituted the largest supplier of cotton-seed oil to the Philippines.

What is the average export price for cotton-seed oil in the Philippines?

The average cotton-seed oil export price stood at $6,500 per ton in 2018, increasing by 388% against the previous year.

What is the average import price for cotton-seed oil in the Philippines?

In 2020, the average cotton-seed oil import price amounted to $7,310 per ton, jumping by 175% against the previous year.

This report provides an in-depth analysis of the cotton-seed oil market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 331 - Oil of Cottonseed

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023