South-Eastern Asia: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in South-Eastern Asia

In 2021, the Southeast Asian cotton-seed oil market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Cotton-Seed Oil Production in South-Eastern Asia

In value terms, cotton-seed oil production rose to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of 11%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Cotton-Seed Oil Exports

Exports in South-Eastern Asia

Cotton-seed oil exports reduced to X tons in 2021, declining by -12.4% against the year before. Overall, exports, however, saw a modest expansion. The most prominent rate of growth was recorded in 2017 with an increase of 82% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cotton-seed oil exports soared to $X in 2021. Total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -13.0% against 2017 indices. The growth pace was the most rapid in 2017 when exports increased by 64%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia prevails in exports structure, reaching X tons, which was approx. 97% of total exports in 2021. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to cotton-seed oil exports from Malaysia stood at +2.6%. At the same time, Indonesia (+5.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +5.4% from 2012-2021. While the share of Malaysia (+6.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest cotton-seed oil supplier in South-Eastern Asia, comprising 98% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 1.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Malaysia totaled +5.2%.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, increasing by 39% against the previous year. Export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cotton-seed oil export price increased by +61.9% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.5%).

Cotton-Seed Oil Imports

Imports in South-Eastern Asia

In 2021, imports of cotton-seed oil in South-Eastern Asia expanded remarkably to X tons, picking up by 6% compared with 2020. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 63%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, cotton-seed oil imports soared to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.5% against 2016 indices. The growth pace was the most rapid in 2014 when imports increased by 83%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

Malaysia dominates imports structure, accounting for X tons, which was near 90% of total imports in 2021. It was distantly followed by Myanmar (X tons), making up a 7.1% share of total imports.

Imports into Malaysia increased at an average annual rate of +11.0% from 2012 to 2021. At the same time, Myanmar (+31.0%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +31.0% from 2012-2021. Malaysia (+17 p.p.) and Myanmar (+5.8 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported cotton-seed oil in South-Eastern Asia, comprising 91% of total imports. The second position in the ranking was taken by Myanmar ($X), with a 6.2% share of total imports.

In Malaysia, cotton-seed oil imports increased at an average annual rate of +11.6% over the period from 2012-2021.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, picking up by 37% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Myanmar amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+0.5%).

Source: IndexBox Platform

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