Cottonseed Market Overview in Guinea
In value terms, cottonseed production expanded notably to $ in 2019 estimated in export prices. Over the period under review, production posted prominent growth. The growth pace was the most rapid in 2018 with an increase of % year-to-year. Over the period under review, production reached the maximum level in 2019 and is expected to retain growth in years to come.
In 2019, the average cottonseed yield in Guinea was estimated at kg per ha, remaining stable against the previous year. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The cottonseed harvested area in Guinea stood at ha in 2019, remaining stable against 2018. In general, the harvested area showed a relatively flat trend pattern.
The size of the cottonseed market in Guinea reached $ in 2019, surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a prominent increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2013 indices. The pace of growth was the most pronounced in 2018 when the market value increased by % year-to-year. Cottonseed consumption peaked in 2019 and is expected to retain growth in the immediate term.