Report Update Jan 1, 2025

Republic of Korea - Crude Cotton-Seed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Cotton-Seed Oil Market 2025

Cotton-Seed Oil Market Size in Republic of Korea

The South Korean cotton-seed oil market reduced notably to less than $X in 2021, waning by 99.9% against the previous year. Over the period under review, consumption, however, continues to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2020 when the market value decreased by -2% against the previous year. Cotton-seed oil consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Cotton-Seed Oil Production in Republic of Korea

In value terms, cotton-seed oil production totaled $X in 2021 estimated in export price. In general, production, however, saw a deep contraction. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Cotton-Seed Oil Exports

Exports from Republic of Korea

In 2020, exports of crude cotton-seed oil from South Korea fell to X tons, waning by -14.9% on 2019. Over the period under review, exports showed a abrupt curtailment. The exports peaked at X tons in 2015; however, from 2016 to 2020, the exports stood at a somewhat lower figure.

In value terms, cotton-seed oil exports shrank to $X in 2020. Overall, exports showed a deep contraction. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2020, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for cotton-seed oil exports from South Korea, accounting for a approx. 100% share of total exports.

From 2015 to 2020, the average annual rate of growth in terms of volume to China stood at +46,760.0%.

In value terms, China ($X) emerged as the key foreign market for crude cotton-seed oil exports from South Korea.

From 2015 to 2020, the average annual growth rate of value to China stood at +13,308.0%.

Export Prices by Country

The average cotton-seed oil export price stood at $X per ton in 2020, growing by 7.5% against the previous year. In general, the export price, however, recorded a deep reduction. The export price peaked at $X per ton in 2015; however, from 2016 to 2020, the export prices stood at a somewhat lower figure.

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

From 2015 to 2020, the rate of growth in terms of prices for China amounted to -73.1% per year.

Cotton-Seed Oil Imports

Imports into Republic of Korea

For the sixth consecutive year, South Korea recorded decline in purchases abroad of crude cotton-seed oil, which decreased by -10.3% to X tons in 2021. Over the period under review, imports faced a significant decrease. The growth pace was the most rapid in 2015 when imports increased by 1,725%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cotton-seed oil imports declined to $X in 2021. In general, imports showed a dramatic decline. The pace of growth appeared the most rapid in 2015 when imports increased by 1,300% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main cotton-seed oil supplier to South Korea, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -28.9%.

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

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -24.4%.

Import Prices by Country

In 2021, the average cotton-seed oil import price amounted to $X per ton, with an increase of 3% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cotton-seed oil import price increased by +138.3% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 62%. The import price peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +6.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of in 2021 were Benin, the United States and Kazakhstan, with a combined 79% share of global consumption. Tajikistan, Kyrgyzstan and Turkmenistan lagged somewhat behind, together comprising a further 11%.

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

The countries with the highest volumes of in 2021 were Benin, the United States and Kazakhstan, together accounting for 87% of global production.

What are the leading suppliers of crude cotton-seed oil to Republic of Korea?

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

What are the leading importers of crude cotton-seed oil from Republic of Korea?

In value terms, China remains the key foreign market for cotton-seed oil exports from South Korea.

What is the average export price for crude cotton-seed oil in Republic of Korea?

The average cotton-seed oil export price stood at $1,431 per ton in 2020, surging by 7.5% against the previous year.

What is the average import price for crude cotton-seed oil in Republic of Korea?

The average cotton-seed oil import price stood at $1,862 per ton in 2021, dropping by -6.6% against the previous year.

This report provides an in-depth analysis of the cotton-seed oil market in Republic of Korea. 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:

Prodcom 10412500 - Crude cotton-seed oil and its fractions (excluding chemically modified)

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024