Cottonseed oil-cake market in Western Asia

Earlier Report Observations

The cottonseed oil-cake market in Western Asia expanded from 666 thousand tons in 2018 to 775 thousand tons in 2023, reflecting overall growth despite a temporary contraction in 2021. After steady increases in 2019 and 2020, the market dipped by 5.6% in 2021 before rebounding strongly with an 11.1% surge in 2022 and a further 3.1% rise in 2023.

This growth was supported by rising domestic production, which climbed from 647.5 thousand tons in 2018 to 760.1 thousand tons in 2023. Trade flows shifted notably, with imports peaking at 74.1 thousand tons in 2019 before declining, while exports fell sharply in 2020 and then partially recovered, indicating evolving regional supply and demand balances.

In 2024, import and export volumes decreased further, with imports dropping to 15.6 thousand tons. This reduction coincided with China's imposition of a 5% tariff on cottonseed oilcake imports, which likely affected trade dynamics in Western Asia by making imports more expensive. Additionally, the region is experiencing growing demand from livestock and dairy industries, and technological improvements in extraction and refining processes are enhancing production efficiency.

Production cottonseed oil-cake in Western Asia

In kind, 2017-2020, K t

Top producers of cottonseed oil-cake, 2017-2020

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

Western Asia's cottonseed oil-cake production has grown for the third year in a row. In 2020, the region produced 680.5 thousand tons, marking a modest 1.3% increase from 2019. Looking at the full 2017-2020 period, production rose by 20.6%, which translates to an average annual growth rate of 6.4%.

Annual dynamics of production in Western Asia in kind, 2017-2020, K t

In value, 2017-2020, M $ US

In 2020, the value of cottonseed oil-cake output in Western Asia reached 145.6 million US dollars, up 27.6% from the previous year. Over the 2017-2020 span, production value increased by 12.6%, with a compound annual growth rate of 4.0%. The lowest value was recorded in 2019 at 114.0 million US dollars, while the peak occurred in 2018 at 149.4 million US dollars. The most significant drop happened in 2019, when values fell by 23.7%.

Annual dynamics of production in Western Asia in value, 2017-2020, M $ US

Exports cottonseed oil-cake from Western Asia

Exports in kind, t

Following two years of growth, cottonseed oil-cake exports from Western Asia fell in 2020. Export volume totaled 16 159 tons, representing a sharp 68.6% decline compared to 2019. Over the 2017-2020 period, exports decreased by 60.7%, averaging a 26.7% annual decline. The highest export volume was recorded in 2019 at 51 472 tons, with the largest increase occurring in 2018 at 24.8%.

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

Between 2017 and 2020, cottonseed oil-cake exports from Western Asia showed moderate concentration. Iran accounted for 31.9% of exports in volume, Greece for 1.2%, and Tajikistan for 0.9%. Together, these three countries represented 34.0% of total export flows.

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

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

Exports in value, K $ US

Western Asia's cottonseed oil-cake exports declined for the second consecutive year in 2020. The region exported 3 456 thousand US dollars worth of cottonseed oil-cake, which is 60.5% lower than in 2019. From 2017 to 2020, export value fell by 63.3%, with an average annual decrease of 28.4%. The peak value was recorded in 2018 at 11 834 thousand US dollars, which also saw the largest increase of 25.8%.

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

From 2017 to 2020, the core of Western Asia's cottonseed oil-cake exports in value terms consisted of Iran (24.0%), Greece (1.8%), and Free Zones (1.1%). These three sources together accounted for 26.9% of total export value.

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

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

Imports cottonseed oil-cake to Western Asia

Imports in kind, t

Import volumes of cottonseed oil-cake into Western Asia showed notable fluctuations between 2017 and 2020. The lowest point was in 2017, while volumes peaked in 2019, with the highest level being 2.4 times greater than the lowest. In 2020, imports amounted to 52 369 tons, a 29.4% decrease year-over-year. The maximum volume was recorded in 2019 at 74 147 tons, with the largest increase occurring in 2018 at 124.2%.

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

Over the 2017-2020 period, Greece (27.3% of import volume), Benin (18.5%), and the United States (7.0%) were the leading sources for cottonseed oil-cake imports into Western Asia. Together, these three countries accounted for 52.8% of total import flows.

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

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

Imports in value, K $ US

Cottonseed oil-cake imports into Western Asia declined for the second year in a row in 2020. The region imported cottonseed oil-cake valued at 24 034 thousand US dollars, representing a significant 20.1% drop from the previous year. Between 2017 and 2020, import value decreased by 13.3%, equivalent to an annualized rate of 4.6%. The highest value was recorded in 2018 at 24 034 thousand US dollars, which also saw the largest increase of 56.6%. The most substantial decline occurred in 2019, when values fell by 30.7%.

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

During 2017-2020, Greece (42.3% of import value), Benin (13.4%), and the United States (8.1%) formed the main group of sources for cottonseed oil-cake imports into Western Asia. Combined, these three destinations accounted for 63.9% of total import value.

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

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