Sweden: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Sweden

In 2021, the Swedish cotton-seed oil market increased by 8.2% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption posted significant growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Cotton-Seed Oil Production in Sweden

In value terms, cotton-seed oil production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 26% against the previous year. As a result, production attained the peak level of $X, and then reduced in the following year.

Cotton-Seed Oil Exports

Exports from Sweden

In 2021, shipments abroad of cotton-seed oil was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2014 with an increase of 1,184% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, cotton-seed oil exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2014 when exports increased by 72%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for cotton-seed oil exports from Sweden, accounting for a 58% share of total exports. Moreover, cotton-seed oil exports to Norway exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The third position in this ranking was taken by Poland (X kg), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway amounted to +102.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-36.7% per year) and Poland (-4.8% per year).

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for cotton-seed oil exports from Sweden, comprising 36% of total exports. The second position in the ranking was taken by Italy ($X), with a 16% share of total exports. It was followed by Poland, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to Taiwan (Chinese) amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-15.6% per year) and Poland (+3.2% per year).

Export Prices by Country

In 2021, the average cotton-seed oil export price amounted to $X per ton, shrinking by -17.2% against the previous year. In general, the export price, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 507% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then fell remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+387.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton-Seed Oil Imports

Imports into Sweden

In 2021, overseas purchases of cotton-seed oil were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2017 when imports increased by 5,432%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cotton-seed oil imports soared to $X in 2021. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2017 with an increase of 5,380%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) was the main cotton-seed oil supplier to Sweden, with a 99% share of total imports. It was followed by Belgium (X kg), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +101.0%.

In value terms, Turkey ($X) constituted the largest supplier of cotton-seed oil to Sweden, comprising 99% of total imports. The second position in the ranking was held by Belgium ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at +116.2%.

Import Prices by Country

In 2021, the average cotton-seed oil import price amounted to $X per ton, increasing by 61% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Turkey totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+38.9%).

Source: IndexBox Platform

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