Ukraine: Cotton-Seed Oil Market 2024

Cotton-Seed Oil Market Size in Ukraine

The Ukrainian cotton-seed oil market reduced notably to $X in 2021, shrinking by -91.2% against the previous year. Overall, consumption faced a dramatic slump. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Cotton-Seed Oil Production in Ukraine

In value terms, cotton-seed oil production rose remarkably to $X in 2021 estimated in export price. In general, production, however, saw a pronounced decline. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Cotton-Seed Oil Exports

Exports from Ukraine

Cotton-seed oil exports from Ukraine surged to X tons in 2021, picking up by 222% against the year before. Overall, exports continue to indicate resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cotton-seed oil exports skyrocketed to $X in 2021. In general, exports enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 127%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for cotton-seed oil exports from Ukraine, accounting for a 82% share of total exports. Moreover, cotton-seed oil exports to the United States exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold. The third position in this ranking was taken by Mauritius (X tons), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-3.2% per year) and Mauritius (+8.5% per year).

In value terms, the United States ($X) emerged as the key foreign market for cotton-seed oil exports from Ukraine, comprising 63% of total exports. The second position in the ranking was held by Mauritius ($X), with an 11% share of total exports. It was followed by Malaysia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (+6.1% per year) and Malaysia (-6.2% per year).

Export Prices by Country

In 2021, the average cotton-seed oil export price amounted to $X per ton, waning by -33% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the United States ($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 Ethiopia (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton-Seed Oil Imports

Imports into Ukraine

In 2021, approx. X tons of cotton-seed oil were imported into Ukraine; picking up by 10% on the previous year's figure. Overall, imports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2016 with an increase of 111%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cotton-seed oil imports stood at $X in 2021. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by 132% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Tajikistan (X tons) were the main suppliers of cotton-seed oil imports to Ukraine, together accounting for 98% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +39.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest cotton-seed oil suppliers to Ukraine were Germany ($X), the Netherlands ($X) and Tajikistan ($X), together accounting for 98% of total imports.

Germany, with a CAGR of +39.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average cotton-seed oil import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, posted a remarkable increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 28%. The import price peaked at $X per ton in 2020, and then shrank modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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