Report Update Nov 1, 2024

Venezuela - Refined Cotton-Seed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Refined Cotton-Seed Oil Market 2024

Refined Cotton-Seed Oil Market Size in Venezuela

The Venezuelan refined cotton-seed oil market contracted modestly to $X in 2022, waning by -2.2% against the previous year. Over the period under review, 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 lower figure.

Refined Cotton-Seed Oil Production in Venezuela

In value terms, refined cotton-seed oil production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable setback. The growth pace was the most rapid in 2013 when the production volume increased by 23%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Refined Cotton-Seed Oil Imports

Imports into Venezuela

In 2022, after ten years of growth, there was significant decline in purchases abroad of refined cotton-seed oil, when their volume decreased by -48.5% to X tons. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 3,270% against the previous year. As a result, imports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, refined cotton-seed oil imports dropped remarkably to $X in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 1,999% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of refined cotton-seed oil to Venezuela, accounting for a 89% share of total imports. Moreover, refined cotton-seed oil imports from Brazil exceeded the figures recorded by the second-largest supplier, Panama (X kg), tenfold.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +129.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+81.7% per year) and Lebanon (-4.3% per year).

In value terms, Brazil ($X) constituted the largest supplier of refined cotton-seed oil to Venezuela, comprising 86% of total imports. The second position in the ranking was held by Panama ($X), with an 8.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to +99.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+95.5% per year) and Lebanon (+9.1% per year).

Import Prices by Country

The average refined cotton-seed oil import price stood at $X per ton in 2022, rising by 1.7% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 decreased by -36.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 15% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+14.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined cotton-seed oil in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 34% of global consumption. These countries were followed by Japan, Germany, Russia, Brazil, Indonesia, Bangladesh, Pakistan, the UK, France and Italy, which together accounted for a further 24%.

What are the largest producers of refined cotton-seed oil in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 34% share of global production. Japan, Brazil, Germany, Russia, Indonesia, Bangladesh, Pakistan, the UK, France and Italy lagged somewhat behind, together accounting for a further 24%.

What are the leading suppliers of refined cotton-seed oil to Venezuela?

In value terms, Lebanon constituted the largest supplier of refined cotton-seed oil to Venezuela, comprising 92% of total imports. The second position in the ranking was occupied by the United States $116), with a 7.9% share of total imports.

What is the average export price for refined cotton-seed oil in Venezuela?

The average refined cotton-seed oil export price stood at $600 per ton in 2013, almost unchanged from the previous year.

What is the average import price for refined cotton-seed oil in Venezuela?

In 2021, the average refined cotton-seed oil import price amounted to $5,941 per ton, waning by -5.9% against the previous year.

This report provides an in-depth analysis of the refined cotton-seed oil market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10415500 - Refined cotton-seed oil and its fractions (excluding chemically modified)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023