Cotton-Seed Oil Market Overview in Hungary
In value terms, cotton-seed oil production fell slightly to $ in 2019 estimated in export prices. Over the period under review, production, however, showed a deep setback. The growth pace was the most rapid in 2014 when the production volume increased by % year-to-year. Over the period under review, production reached the peak level at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.
The value of the cotton-seed oil market in Hungary dropped sharply to $ in 2019, falling 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, consumption showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.