Puerto Rico: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Puerto Rico

The Puerto Rican cotton-seed oil market was estimated at less than $X in 2021, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a relatively flat trend pattern.

Cotton-Seed Oil Exports

Exports from Puerto Rico

Cotton-seed oil exports from Puerto Rico stood at less than X kg in 2021, therefore, remained relatively stable against the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, cotton-seed oil exports amounted to less than $X in 2021. Overall, exports showed a relatively flat trend pattern.

Exports by Country

In 2021, the United States (X tons), distantly followed by Argentina (X tons), Turkey (X tons), Turkmenistan (X tons), Kazakhstan (X tons), Malaysia (X tons), Brazil (X tons) and South Africa (X tons) represented the major exporters of cotton-seed oil, together achieving 78% of total exports. The following exporters - Azerbaijan (X tons), Burkina Faso (X tons), Ukraine (X tons), Zambia (X tons) and China (X tons) - together made up 14% of total exports.

From 2012 to 2021, the biggest increases were recorded for Zambia (with a CAGR of +78.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Argentina ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 44% of total exports. These countries were followed by Malaysia, Kazakhstan, South Africa, Brazil, Turkmenistan, Zambia, China, Azerbaijan, Burkina Faso and Ukraine, which together accounted for a further 47%.

Zambia, with a CAGR of +88.4%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, leveling off at the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zambia (+5.9%), while the other leaders experienced more modest paces of growth.

Cotton-Seed Oil Imports

Imports into Puerto Rico

In 2021, the amount of cotton-seed oil imported into Puerto Rico stood at less than X kg, flattening at 2020 figures. Over the period under review, imports saw a relatively flat trend pattern.

In value terms, cotton-seed oil imports totaled less than $X in 2021. In general, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, Australia (X tons), distantly followed by Malaysia (X tons), India (X tons), the United States (X tons) and Mexico (X tons) represented the main importers of cotton-seed oil, together generating 55% of total imports. The following importers - Canada (X tons), Brazil (X tons), Kyrgyzstan (X tons), Benin (X tons), Tajikistan (X tons), Democratic Republic of the Congo (X tons), Uzbekistan (X tons) and Spain (X tons) - together made up 24% of total imports.

Imports into Australia increased at an average annual rate of +20.8% from 2012 to 2021. At the same time, India (+93.3%), Spain (+81.0%), Brazil (+68.3%), Democratic Republic of the Congo (+53.4%), Tajikistan (+11.6%), Malaysia (+11.0%), Benin (+7.4%), the United States (+4.9%) and Kyrgyzstan (+4.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +93.3% from 2012-2021. By contrast, Uzbekistan (-5.7%), Canada (-11.8%) and Mexico (-20.6%) illustrated a downward trend over the same period. Australia (+20 p.p.), Malaysia (+7.3 p.p.), India (+7.2 p.p.), Brazil (+3.4 p.p.), the United States (+2.8 p.p.), Uzbekistan (+2.3 p.p.), Democratic Republic of the Congo (+2.3 p.p.), Spain (+2.3 p.p.), Tajikistan (+2 p.p.) and Benin (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while Canada and Mexico saw its share reduced by -6.9% and -35.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported cotton-seed oil into Puerto Rico, comprising 25% of global imports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of global imports. It was followed by India, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to +20.5%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+11.6% per year) and India (+59.1% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Spain ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+13.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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