Sri Lanka: Cotton-Seed Oil Market 2025

Cotton-Seed Oil Market Size in Sri Lanka

The Sri Lankan cotton-seed oil market fell rapidly to $X in 2021, with a decrease of -21.7% against the previous year. In general, consumption, however, recorded a resilient increase. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Cotton-Seed Oil Production in Sri Lanka

In value terms, cotton-seed oil production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +66.0% against 2012 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 28%. Cotton-seed oil production peaked at $X in 2020, and then contracted modestly in the following year.

Cotton-Seed Oil Exports

Exports from Sri Lanka

In 2019, overseas shipments of cotton-seed oil decreased by 0% to X kg, falling for the second year in a row after two years of decline. Overall, exports recorded a significant expansion. The smallest decline of 99.9% was in 2018. The exports peaked in 2019 and are likely to continue growth in the near future.

In value terms, cotton-seed oil exports amounted to $X in 2019. Over the period under review, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2018. Over the period under review, the exports reached the peak figure in 2019 and are likely to see steady growth in the immediate term.

Exports by Country

Saudi Arabia (X kg) was the main destination for cotton-seed oil exports from Sri Lanka, accounting for a 70% share of total exports. Moreover, cotton-seed oil exports to Saudi Arabia exceeded the volume sent to the second major destination, Maldives (X kg), fourfold.

From 2015 to 2019, the average annual rate of growth in terms of volume to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (0.0% per year) and Qatar (0.0% per year).

From 2015 to 2019, the average annual rate of growth in terms of value to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (0.0% per year) and Maldives (0.0% per year).

Export Prices by Country

In 2019, the average cotton-seed oil export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price posted significant growth. The pace of growth was the most pronounced in 2018 when the average export price decreased by 99.9%. Over the period under review, the average export prices reached the peak figure in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2019, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

From 2015 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton-Seed Oil Imports

Imports into Sri Lanka

In 2021, approx. X kg of cotton-seed oil were imported into Sri Lanka; falling by -43.4% on the previous year. Overall, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 1,048% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, cotton-seed oil imports shrank slightly to $X in 2021. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 1,703% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Australia (X kg) constituted the largest cotton-seed oil supplier to Sri Lanka, with a 58% share of total imports. Moreover, cotton-seed oil imports from Australia exceeded the figures recorded by the second-largest supplier, India (X kg), threefold. The United Arab Emirates (X kg) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia amounted to +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-4.0% per year) and the United Arab Emirates (+19.6% per year).

In value terms, Australia ($X) constituted the largest supplier of cotton-seed oil to Sri Lanka, comprising 78% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports. It was followed by the UK, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from Australia totaled +31.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.7% per year) and the UK (+12.6% per year).

Import Prices by Country

In 2021, the average cotton-seed oil import price amounted to $X per ton, jumping by 69% against the previous year. Over the period under review, the import price showed a significant expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 101%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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