Portugal: Refined Cotton-Seed Oil Market 2025

Refined Cotton-Seed Oil Market Size in Portugal

The Portuguese refined cotton-seed oil market expanded to $X in 2022, with an increase of 3% against the previous year. Overall, consumption, however, continues to indicate a pronounced reduction. Refined cotton-seed oil consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Refined Cotton-Seed Oil Production in Portugal

In value terms, refined cotton-seed oil production reached $X in 2022 estimated in export price. In general, production, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2017 when the production volume increased by 32% against the previous year. Refined cotton-seed oil production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Refined Cotton-Seed Oil Exports

Exports from Portugal

In 2022, exports of refined cotton-seed oil from Portugal reduced markedly to X tons, declining by -48.7% against the previous year. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 138% against the previous year. The exports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, refined cotton-seed oil exports fell markedly to $X in 2022. Over the period under review, exports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 165%. As a result, the exports reached the peak of $X, and then fell rapidly in the following year.

Exports by Country

Sao Tome and Principe (X tons), Switzerland (X tons) and the UK (X tons) were the main destinations of refined cotton-seed oil exports from Portugal, together comprising 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sao Tome and Principe (with a CAGR of +113.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for refined cotton-seed oil exported from Portugal were Switzerland ($X), Sao Tome and Principe ($X) and the UK ($X), together comprising 98% of total exports.

Among the main countries of destination, Sao Tome and Principe, with a CAGR of +111.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average refined cotton-seed oil export price amounted to $X per ton, surging by 8.1% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined cotton-seed oil export price increased by +94.6% against 2016 indices. The pace of growth was the most pronounced in 2014 an increase of 41% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cabo Verde ($X per ton), while the average price for exports to Sao Tome and Principe ($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 the UK (+31.6%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Cotton-Seed Oil Imports

Imports into Portugal

In 2022, refined cotton-seed oil imports into Portugal skyrocketed to X tons, rising by 50% on the year before. Overall, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 with an increase of 343% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, refined cotton-seed oil imports surged to $X in 2022. In general, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 124% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main supplier of refined cotton-seed oil to Portugal, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +16.5%.

In value terms, the United States ($X) constituted the largest supplier of refined cotton-seed oil to Portugal.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +9.8%.

Import Prices by Country

In 2022, the average refined cotton-seed oil import price amounted to $X per ton, with an increase of 41% against the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The growth pace was the most rapid in 2016 when the average import price increased by 65% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -5.8% per year.

Source: IndexBox Platform

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