SADC: Refined Cotton-Seed Oil Market 2024

Refined Cotton-Seed Oil Market Size in SADC

The SADC refined cotton-seed oil market reached $X in 2022, increasing by 5.4% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Refined Cotton-Seed Oil Production in SADC

In value terms, refined cotton-seed oil production expanded slightly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 24% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Refined Cotton-Seed Oil Exports

Exports in SADC

Refined cotton-seed oil exports dropped notably to X tons in 2022, waning by -28.7% on 2021 figures. Overall, exports saw a slight downturn. The pace of growth was the most pronounced in 2019 when exports increased by 72%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined cotton-seed oil exports dropped sharply to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 41% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X tons) and Zambia (X tons) dominates exports structure, together mixing up 93% of total exports. It was distantly followed by Zimbabwe (X tons), achieving a 5.4% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of +65.1%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest refined cotton-seed oil supplying countries in SADC were South Africa ($X), Zambia ($X) and Zimbabwe ($X), with a combined 100% share of total exports.

In terms of the main exporting countries, Zambia, with a CAGR of +72.5%, 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 a decline in the exports figures.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, increasing by 12% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 +104.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when the export price increased by 50%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+4.5%), while the other leaders experienced mixed trends in the export price figures.

Refined Cotton-Seed Oil Imports

Imports in SADC

In 2022, refined cotton-seed oil imports in SADC surged to X tons, growing by 37% compared with the previous year. Over the period under review, imports, however, saw a abrupt shrinkage. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, refined cotton-seed oil imports skyrocketed to $X in 2022. Overall, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Democratic Republic of the Congo (X tons) and Lesotho (X tons) were the major importers of refined cotton-seed oil in SADC, together recording approx. 68% of total imports. Botswana (X tons) ranks next in terms of the total imports with a 15% share, followed by Namibia (8.9%). South Africa (X tons) and Zimbabwe (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Democratic Republic of the Congo (with a CAGR of +45.8%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Democratic Republic of the Congo ($X), Lesotho ($X) and Botswana ($X) constituted the countries with the highest levels of imports in 2022, together comprising 82% of total imports.

Among the main importing countries, Democratic Republic of the Congo, with a CAGR of +32.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 an increase of 19%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform