Senegal: Cotton-Seed Oil Market 2020

Cotton-Seed Oil Market Size in Senegal

The revenue of the cotton-seed oil market in Senegal amounted to $X in 2018, dropping by -X% against the previous year. In general, cotton-seed oil consumption continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2012 when the market value increased by X% year-to-year. In that year, the cotton-seed oil market attained its peak level of $X. From 2013 to 2018, the growth of the cotton-seed oil market remained at a somewhat lower figure.

Cotton-Seed Oil Production in Senegal

In value terms, cotton-seed oil production stood at $X in 2018 estimated in export prices. Over the period under review, cotton-seed oil production continues to indicate a mild setback. The pace of growth was the most pronounced in 2012 when production volume increased by X% against the previous year. In that year, cotton-seed oil production reached its peak level of $X. From 2013 to 2018, cotton-seed oil production growth remained at a lower figure.

Cotton-Seed Oil Exports

Exports from Senegal

In 2018, the amount of cotton-seed oil exported from Senegal stood at X tons, growing by X% against the previous year. In general, cotton-seed oil exports continue to indicate an extraordinary expansion. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. Senegal exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, cotton-seed oil exports amounted to $X in 2018. Overall, cotton-seed oil exports continue to indicate an outstanding expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, cotton-seed oil exports reached their maximum in 2018 and are likely to continue its growth in the near future.

Exports by Country

The U.S. (X tons) and Australia (X tons) represented roughly X% of total exports of cotton-seed oil in 2018. Kazakhstan (X tons) ranks next in terms of the total exports with a X% share, followed by Malaysia (X%). The following exporters - Benin (X tons), Argentina (X tons), Azerbaijan (X tons), South Africa (X tons), Burkina Faso (X tons) and Brazil (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Australia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Australia ($X) and Kazakhstan ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Malaysia, South Africa, Benin, Argentina, Burkina Faso, Brazil, Azerbaijan and Senegal, which together accounted for a further X the main exporting countries, Senegal recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The cotton-seed oil export price in Senegal stood at $X per ton in 2018, coming down by -X% against the previous year. In general, the cotton-seed oil export price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2012 when the export price increased by X% y-o-y. In that year, the export prices for cotton-seed oil attained their peak level of $X per ton. From 2013 to 2018, the growth in terms of the export prices for cotton-seed oil remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was South Africa ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Cotton-Seed Oil Imports

Imports into Senegal

In 2018, the amount of cotton-seed oil imported into Senegal totaled X tons, jumping by X% against the previous year. Overall, cotton-seed oil imports continue to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Senegal imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, cotton-seed oil imports amounted to $X in 2018. Overall, cotton-seed oil imports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Senegal imports peaked in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

In 2018, Mexico (X tons), Malaysia (X tons), Australia (X tons), Saudi Arabia (X tons), Tajikistan (X tons), South Africa (X tons), Nigeria (X tons), Germany (X tons), Canada (X tons), India (X tons), Uzbekistan (X tons) and Kyrgyzstan (X tons) represented the largest importers of cotton-seed oil in the world, creating X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Saudi Arabia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Malaysia ($X) and Mexico ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by Tajikistan, Nigeria, Canada, South Africa, Germany, India, Uzbekistan, Kyrgyzstan, Saudi Arabia and Senegal, which together accounted for a further X the main importing countries, Senegal recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The cotton-seed oil import price in Senegal stood at $X per ton in 2018, standing approx. at the previous year. Overall, the cotton-seed oil import price, however, continues to indicate an abrupt deduction. The growth pace was the most rapid in 2010 an increase of X% against the previous year. In that year, the import prices for cotton-seed oil reached their peak level of $X per ton. From 2011 to 2018, the growth in terms of the import prices for cotton-seed oil remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform