Cottonseed oil and fractions market in South-eastern Asia

Earlier Report Observations

The market size for cottonseed oil and fractions in South-eastern Asia fluctuated significantly between 2018 and 2023, reaching a high of over 25,000 t in 2022 before contracting sharply the next year. The 2022 growth was primarily fueled by the entry of new players into Vietnam's edible oil market, which intensified competition and expanded overall market activity. In contrast, the 2023 decline aligned with rising global crude oil prices due to geopolitical supply tensions, increasing costs for vegetable oil production and logistics, and the rollout of Extended Producer Responsibility policies in Vietnam that imposed new packaging and labeling obligations on manufacturers.

Regulatory enforcement and shifts in the competitive landscape continued to influence the market environment. Authorities in Hanoi conducted stricter food safety inspections of edible oil producers, ensuring compliance with quality standards. Simultaneously, research and development into biodiesel production from cottonseed oil blends highlighted emerging applications in alternative energy, while strong palm oil exports from Malaysia indicated robust regional demand dynamics affecting the broader vegetable oil sector.

In the earlier years from 2018 to 2021, the market volume moved within a band of 20,000 to 23,000 t, showing moderate variability without dramatic swings, preceding the more pronounced shifts later in the period.

Production cottonseed oil and fractions in South-eastern Asia

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

Production of cottonseed oil and fractions in South-eastern Asia has declined for three consecutive years. In 2020, the region produced 18 547 tonnes, marking a modest decrease of 7.2% compared to the previous year. Looking at the period from 2017 to 2020, production fell by 20.6%, with an average annual decline of 7.4%.

Annual dynamics of production in South-eastern Asia in kind, 2017-2020, t

In value, 2017-2020, K $ US

In 2020, the value of cottonseed oil and fractions production in South-eastern Asia was 22 612 thousand US dollars, showing a moderate reduction of 3.5% from the year before. Between 2017 and 2020, production value decreased by 23.7%, which translates to an annualized rate of 8.6%. The lowest value was recorded in 2018 at 21 047 thousand US dollars. The largest decline occurred in 2018 with a drop of 29.0%, while the largest increase was in 2019 at 11.3%.

Annual dynamics of production in South-eastern Asia in value, 2017-2020, K $ US

Exports cottonseed oil and fractions from South-eastern Asia

Exports in kind, t

Exports of cottonseed oil and fractions from South-eastern Asia have fallen for two consecutive years. In 2020, exports totaled 9 076 tonnes, reflecting a robust decline of 22.3% compared to 2019. Over the period from 2017 to 2020, exports increased by 5.8%, with an average annual growth of 1.9%. The highest export volume was in 2018 at 13 768 tonnes, which also saw the largest increase of 60.4%.

Annual dynamics of product's exports from South-eastern Asia in kind, 2017-2020, t

From 2017 to 2020, Australia remained the dominant partner for exports of cottonseed oil and fractions from South-eastern Asia, accounting for 71.0% of total flows, while other markets made up the remainder.

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

World map of product's exports from South-eastern Asia in kind, 2017-2020

Exports in value, K $ US

Export value of cottonseed oil and fractions from South-eastern Asia has declined for two consecutive years. In 2020, exports amounted to 11 065 thousand US dollars, indicating a robust decrease of 19.2% compared to the previous year. The highest value was recorded in 2018 at 13 756 thousand US dollars, which also experienced the largest increase of 26.4%.

Annual dynamics of product's exports from South-eastern Asia in value, 2017-2020, K $ US

Between 2017 and 2020, Australia played a leading role in the export value of cottonseed oil and fractions from South-eastern Asia, holding a share of 74.3% of total flows, with the rest distributed among other partners.

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

World map of product's exports from South-eastern Asia in value, 2017-2020

Imports cottonseed oil and fractions to South-eastern Asia

Imports in kind, t

In 2020, South-eastern Asia imported 11 686 tonnes of cottonseed oil and fractions, reflecting a robust reduction of 19.2% year-over-year. From 2017 to 2020, imports decreased by 26.3%, equating to an annualized decline of 9.7%. The largest increase was recorded in 2019 at 7.6%.

Annual dynamics of product's imports to South-eastern Asia in kind, 2017-2020, t

Throughout 2017 to 2020, the United States, China, and Brazil formed the core of imports in kind for cottonseed oil and fractions into South-eastern Asia, with shares of 43.0%, 13.4%, and 12.2% respectively, together accounting for 68.6% of total flows.

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

World map of product's imports to South-eastern Asia in kind, 2017-2020

Imports in value, K $ US

In 2020, cross-border shipments of cottonseed oil and fractions into South-eastern Asia stood at 11 728 thousand US dollars, down by 15.3% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 30.1%, with a compound annual growth rate of 11.2%. The largest decline occurred in 2018 at 27.5%, while the largest increase was in 2019 at 13.9%.

Annual dynamics of product's imports to South-eastern Asia in value, 2017-2020, K $ US

From 2017 to 2020, the United States, China, and Brazil continued to be the main suppliers of cottonseed oil and fractions to South-eastern Asia in value terms, with shares of 40.1%, 14.9%, and 13.5% respectively, jointly forming 68.5% of total imports.

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

World map of product's imports to South-eastern Asia in value, 2017-2020