Singapore: Refined Cotton-Seed Oil Market 2025

Refined Cotton-Seed Oil Market Size in Singapore

The Singaporean refined cotton-seed oil market dropped to $X in 2022, waning by -5% against the previous year. Overall, consumption recorded a pronounced slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Refined Cotton-Seed Oil Production in Singapore

In value terms, refined cotton-seed oil production fell to $X in 2022 estimated in export price. In general, production continues to indicate a slight slump. The pace of growth was the most pronounced in 2013 when the production volume increased by 31%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Refined Cotton-Seed Oil Exports

Exports from Singapore

In 2022, overseas shipments of refined cotton-seed oil decreased by -94.4% to X kg, falling for the fifth year in a row after three years of growth. Overall, exports saw a dramatic setback. The growth pace was the most rapid in 2017 when exports increased by 23% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, refined cotton-seed oil exports dropped sharply to $X in 2022. Over the period under review, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2019 with an increase of 46%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

French Polynesia (X kg) was the main destination for refined cotton-seed oil exports from Singapore, with a approx. 97% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to French Polynesia stood at -41.5%.

In value terms, French Polynesia ($X) emerged as the key foreign market for refined cotton-seed oil exports from Singapore.

From 2012 to 2022, the average annual rate of growth in terms of value to French Polynesia stood at -38.4%.

Export Prices by Country

The average refined cotton-seed oil export price stood at $X per ton in 2022, jumping by 118% against the previous year. Over the period under review, the export price posted a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Brunei Darussalam amounted to +17.2% per year.

Refined Cotton-Seed Oil Imports

Imports into Singapore

In 2022, supplies from abroad of refined cotton-seed oil decreased by -41.4% to X tons, falling for the third consecutive year after three years of growth. In general, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 211% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, refined cotton-seed oil imports shrank rapidly to $X in 2022. Over the period under review, imports saw a significant decline. The most prominent rate of growth was recorded in 2018 with an increase of 127%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Austria (X tons), Malaysia (X tons) and the United States (X tons) were the main suppliers of refined cotton-seed oil imports to Singapore, together comprising 92% of total imports. Japan and Australia lagged somewhat behind, together comprising a further 7.1%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +17.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), the United States ($X) and Malaysia ($X) appeared to be the largest refined cotton-seed oil suppliers to Singapore, together comprising 85% of total imports. Japan and Australia lagged somewhat behind, together accounting for a further 13%.

Australia, with a CAGR of +17.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average refined cotton-seed oil import price amounted to $X per ton, surging by 15% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 import price increased by +95.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 46%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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