Philippines: Cottonseed Market 2025

Cottonseed Market Size in the Philippines

The Philippine cottonseed market rose significantly to $X in 2022, growing by 6.6% against the previous year. Overall, consumption continues to indicate moderate growth. Cottonseed consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Cottonseed Production in the Philippines

In value terms, cottonseed production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 156% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of cottonseed in the Philippines amounted to less than X kg per ha, approximately equating 2021. In general, the yield recorded 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.

The cottonseed harvested area in the Philippines amounted to less than X ha in 2022, stabilizing at 2021. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Cottonseed Exports

Exports from the Philippines

After three years of decline, shipments abroad of cottonseed increased by 4.3% to X tons in 2022. In general, exports, however, faced a deep contraction. The growth pace was the most rapid in 2018 when exports increased by 1,319%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, cottonseed exports contracted significantly to $X in 2022. Over the period under review, exports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2018 when exports increased by 3,319%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for cottonseed exports from the Philippines, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea stood at -14.6%.

In value terms, South Korea ($X) emerged as the key foreign market for cottonseed exports from the Philippines.

From 2012 to 2022, the average annual growth rate of value to South Korea totaled -13.7%.

Export Prices by Country

The average cottonseed export price stood at $X per ton in 2022, with a decrease of -89.3% against the previous year. Over the period under review, the export price continues to indicate a noticeable slump. The growth pace was the most rapid in 2018 an increase of 141% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +20.8% per year.

Cottonseed Imports

Imports into the Philippines

In 2022, overseas purchases of cottonseed decreased by -13.1% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 730% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cottonseed imports rose significantly to $X in 2022. In general, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 604%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) was the main supplier of cottonseed to the Philippines, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa was relatively modest.

In value terms, South Africa ($X) constituted the largest supplier of cottonseed to the Philippines.

From 2012 to 2022, the average annual growth rate of value from South Africa was relatively modest.

Import Prices by Country

In 2022, the average cottonseed import price amounted to $X per ton, increasing by 27% against the previous year. Overall, the import price recorded a prominent increase. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +31.0% per year.

Source: IndexBox Platform

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