Middle East: Cottonseed Market 2024

Cottonseed Market Size in the Middle East

The Middle Eastern cottonseed market declined modestly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Cottonseed Production in the Middle East

In value terms, cottonseed production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Turkey (X tons) constituted the country with the largest volume of cottonseed production, comprising approx. X% of total volume. Moreover, cottonseed production in Turkey exceeded the figures recorded by the second-largest producer, Iran (X tons), more than tenfold.

In Turkey, cottonseed production plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and Syrian Arab Republic (X% per year).

Cottonseed Exports

Exports in the Middle East

In 2022, the amount of cottonseed exported in the Middle East soared to X tons, growing by X% compared with the previous year's figure. In general, exports recorded buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, cottonseed exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Turkey was the largest exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Israel (X tons), achieving a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Israel increased by X percentage points.

In value terms, the largest cottonseed supplying countries in the Middle East were Turkey ($X) and Israel ($X).

Israel, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, dropping by X% against the previous year. Export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cottonseed export price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%).

Cottonseed Imports

Imports in the Middle East

In 2022, supplies from abroad of cottonseed increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, cottonseed imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia represented the largest importer of cottonseed in the Middle East, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Turkey (X tons), the United Arab Emirates (X tons) and Oman (X tons), together creating a X% share of total imports. The following importers - Qatar (X tons) and Iran (X tons) - each recorded a X% share of total imports.

Imports into Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%), Oman (X%), Qatar (X%), the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Turkey (X p.p.), Oman (X p.p.), the United Arab Emirates (X p.p.) and Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported cottonseed in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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