Market research

Cottonseed oil-cake market in South Korea

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The cottonseed oil-cake market in South Korea saw steady growth from 2018 to 2020, with volume increasing from 93 thousand t to over 100 thousand t. The surge in 2020 coincided with the COVID-19 pandemic, which disrupted global supply chains and altered consumption patterns, likely boosting domestic production as imports fell.

After peaking in 2020, market volume dropped sharply to 80 thousand t in 2021 and remained near that level in 2022 before declining further to 74 thousand t in 2023. This contraction occurred alongside South Korea's broader efforts to strengthen waste management and environmental regulations, which could have influenced the supply and demand for agricultural by-products like cottonseed oil-cake.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in South Korea
  1. 5.1.1. Annual dynamics of production in South Korea in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in South Korea in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, t
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, t
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production cottonseed oil-cake in South Korea

In kind, 2017-2020, t

South Korea was among the world's leading producers of cottonseed oil-cake from 2017 to 2020, ranking 13th globally by production volume.

Top producers of cottonseed oil-cake, 2017-2020

Source: SHEV.io

World map of production of cottonseed oil-cake, 2017-2020

Source: SHEV.io

Cottonseed oil-cake production in South Korea grew for the second consecutive year. In 2020, the country produced 93 500 tonnes, marking a 10.3% increase over the previous year. From 2017 to 2020, production rose by 10.1%, which translates to an average annual growth rate of 3.3%. The lowest production level was recorded in 2018 at 84 603 tonnes, with a slight decline of 0.4% that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.4%)	0.2%	10.3%	3.3%

Source: SHEV.io

Exports cottonseed oil-cake from South Korea

Market analysis indicates that South Korea did not export any cottonseed oil-cake between 2017 and 2020.

Imports cottonseed oil-cake to South Korea

Imports in kind, t

In 2020, South Korea imported a total of {value_last_year} tonnes of cottonseed oil-cake, down 21.4% from 2019. Over the 2017-2020 period, imports fell by 47.3%, with a compound annual growth rate of -19.2%. The sharpest drop occurred in 2018 at 33.8%, while imports saw a modest increase of 1.3% in 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(33.8%)	1.3%	(21.4%)	(19.2%)

Source: SHEV.io

From 2017 to 2020, India dominated South Korea's cottonseed oil-cake imports in volume, accounting for 86.7% of total flows. Other sources contributed relatively small shares.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

In 2020, South Korea's imported cottonseed oil-cake was valued at 3 120 thousand US dollars, a significant decrease of 21.2% compared to 2019. Between 2017 and 2020, import values declined by 40.6%, with a compound annual growth rate of -15.9%. The largest decline was in 2018 at 32.3%, followed by an increase of 11.4% in 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(32.3%)	11.4%	(21.2%)	(15.9%)

Source: SHEV.io

During 2017-2020, India and the United States were the primary sources for South Korea's cottonseed oil-cake imports in value terms, together representing 96.6% of total flows. Other trading partners individually accounted for much smaller shares.

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

Source: SHEV.io

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

Source: SHEV.io