Cottonseed Market Overview in Thailand
In value terms, cottonseed production dropped to $ in 2019 estimated in export prices. Overall, production showed a drastic downturn. The pace of growth appeared the most rapid in 2010 when the production volume increased by % y-o-y. As a result, production attained the peak level of $. From 2011 to 2019, production growth failed to regain the momentum.
In 2019, the average cottonseed yield in Thailand amounted to kg per ha, flattening at 2018. Overall, the yield continues to indicate 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.
In 2019, the harvested area of cottonseed in Thailand stood at ha, stabilizing at 2018. In general, the harvested area continues to indicate a relatively flat trend pattern.
The size of the cottonseed market in Thailand reduced to $ in 2019, declining 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). Overall, consumption recorded a deep slump. The pace of growth appeared the most rapid in 2010 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $. From 2011 to 2019, the growth of the market remained at a lower figure.