Updated Oct 15, 2022 00:39

Cotton-Seed Oil Market in Australia

Consumption
In , consumption of crude cotton-seed oil increased by % to tons, rising for the third year in a row after three years of decline. In general, consumption saw a resilient increase. Cotton-seed oil consumption peaked in and is likely to see gradual growth in the immediate term.

The value of the cotton-seed oil market in Australia fell slightly to $ in , remaining relatively unchanged 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). Over the period under review, consumption showed prominent growth. Cotton-seed oil consumption peaked at $ in , and then declined modestly in the following year.


Market Forecast
Driven by increasing demand for cotton-seed oil in Australia, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Cotton-seed oil market in Australia consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.


Trade Balance
Australia remains a net exporter of cotton-seed oil; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.