Cottonseed oil and fractions market in Bangladesh

Earlier Report Observations

The market volume for cottonseed oil in Bangladesh dropped sharply from 12 012 t in 2018 to 7 581 t in 2019, marking a decline of over one-third. This downward trend continued through 2022, with the market shrinking to 5 810 t, representing a cumulative decrease of more than 50% over the five-year period.

A modest rebound occurred in 2023, as market volume rose by 4% to 6 064 t. In recent periods, the market structure has been shaped by the strong presence of two private conglomerates, City Group and Meghna Group, in the edible oils sector, alongside growing domestic production of mustard oil and economic pressures such as high inflation and currency depreciation.

Production cottonseed oil and fractions in Bangladesh

In kind, 2017-2020, t

Top producers of cottonseed oil and fractions, 2017-2020

World map of production of cottonseed oil and fractions, 2017-2020

Bangladesh's production of cottonseed oil and fractions has declined for the second year in a row. In 2020, the country produced 7 218 tonnes, which represents a 4.8% decrease from the previous year. Looking at the period from 2017 to 2020, production fell by 37.5%, with an average annual decline rate of 14.5%. The highest production level was recorded in 2018 at 12 029 tonnes. The most significant drop occurred in 2019, when production fell by 37.0%, while the largest increase was seen in 2018 with a 4.2% rise.

Annual dynamics of production in Bangladesh in kind, 2017-2020, t

Exports cottonseed oil and fractions from Bangladesh

Exports in kind, kg

The data shows irregular changes, pointing to a volatile market environment. Export levels varied dramatically, with a 162-fold difference between the peak in 2018 and the low point in 2017. In 2020, Bangladesh exported 180 kilograms of cottonseed oil and fractions, which was an extraordinary increase of 16,129.6% compared to the year before.

Annual dynamics of product's exports from Bangladesh in kind, 2017-2020, kg

From 2017 to 2020, Japan was the main destination for exports in volume terms, making up 80.8% of total flows. Other markets contributed smaller shares, forming a long tail of less significant partners.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Bangladesh in kind, 2017-2020

Exports in value, $ US

The data reveals irregular changes, indicating a volatile market environment. Exports varied by 17 times between the high in 2018 and the low in 2017. In 2020, Bangladesh's cross-border shipments of cottonseed oil and fractions totaled 1 487 US dollars, showing a sharp improvement of 1,637.6% compared to 2019.

Annual dynamics of product's exports from Bangladesh in value, 2017-2020, $ US

Between 2017 and 2020, Japan and the United States together accounted for 93.2% of total exports in value terms. Other countries formed a diverse but less significant group, contributing smaller shares.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Bangladesh in value, 2017-2020

Imports cottonseed oil and fractions to Bangladesh

Imports in kind, kg

The market showed signs of volatility over the observed period. The highest import volume was recorded in 2017, while the lowest occurred in 2018, with a peak-to-trough ratio of 393 times. In 2019, Bangladesh imported 80 kilograms of cottonseed oil and fractions, reflecting a sharp year-on-year increase of 122.2%. The minimum value was recorded in 2018 at 36 kilograms, and the largest decline occurred in 2018 with a 99.7% drop.

Annual dynamics of product's imports to Bangladesh in kind, 2017-2020, kg

From 2017 to 2020, imports of cottonseed oil and fractions to Bangladesh were highly concentrated, with Azerbaijan accounting for 97.5% of total volume flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Bangladesh in kind, 2017-2020

Imports in value, $ US

There were noticeable fluctuations in market performance during this period. Import levels varied by 219 times between the high in 2017 and the low in 2018. In 2019, Bangladesh's imports of cottonseed oil and fractions totaled 354 US dollars, up by 95.9% compared to 2018. The minimum value was recorded in 2018 at 181 US dollars, and the largest decline occurred in 2018 with a 99.5% decrease.

Annual dynamics of product's imports to Bangladesh in value, 2017-2020, $ US

Between 2017 and 2020, Azerbaijan accounted for 88.2% of total imports in value terms. The remaining flows were distributed among a broad group of smaller countries.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Bangladesh in value, 2017-2020