Cottonseed oil-cake market Turkey

Earlier Report Observations

From 2018 to 2020, the Turkish cottonseed oil-cake market expanded from 516 thousand tons to 551 thousand tons. This growth was supported by the increasing industrial use of cottonseed oil in sectors like leather processing and cosmetics, which sustained demand for cottonseed. Furthermore, the introduction of new genetically modified cottonseed varieties with higher pest resistance and yield, along with a shift toward sustainable farming practices, boosted cotton production and subsequently the supply of oil-cake.

The market volume contracted to 489 thousand tons in 2021 amid post-pandemic normalization and international price fluctuations for cotton, influenced by events such as U.S. port strikes. A strong recovery followed in 2022, with the market reaching 597 thousand tons, driven by government policies promoting certified cottonseed use and premium payments to producers, coupled with high and stable cotton prices that encouraged production. Growth continued into 2023, with the market volume climbing to 612 thousand tons.

Production cottonseed oil-cake Turkey

In kind, 2017-2020, K t

Turkey ranked 7th globally in cottonseed oil-cake production from 2017 to 2020.

Top producers of cottonseed oil-cake, 2017-2020

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

In 2020, Turkey produced 541.5 thousand tons of cottonseed oil-cake, marking a 4.9% increase from the previous year. Over the period from 2017 to 2020, production grew by 14.5%, which translates to an average annual growth rate of 4.6%. The largest decline occurred in 2019, with a drop of 2.8%, while the largest increase was recorded in 2018, at 12.3%.

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

In value, 2017-2020, M $ US

In 2020, the output of cottonseed oil-cake in Turkey was valued at 113.4 million US dollars, representing a sharp gain of 27.5% compared to 2019. From 2017 to 2020, production value increased by 16.4%, with a compound annual growth rate of 5.2%. The minimum value was observed in 2019 at 88.9 million US dollars, which also saw the largest decline of 14.9%.

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

Exports cottonseed oil-cake to Turkey

Exports in kind, t

Turkey's cottonseed oil-cake export volume declined for the second consecutive year. In 2020, exports totaled 6,275 tons, reflecting a steep decrease of 66.2% year-over-year. Over the period from 2017 to 2020, exports decreased by 78.3%, with a compound annual growth rate of 40.0%. The maximum volume was recorded in 2018 at 45,114 tons, which also experienced the largest increase of 55.7%.

Annual dynamics of product's exports to Turkey in kind, 2017-2020, t

From 2017 to 2020, Syria remained the main destination for Turkey's cottonseed oil-cake exports in kind, accounting for 81.3% of total flows, while the remaining share was distributed across various smaller markets.

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

World map of product's exports to Turkey in kind, 2017-2020

Exports in value, K $ US

Turkey's cottonseed oil-cake export value declined for the second consecutive year. In 2020, exports amounted to 1,314 thousand US dollars, down by 58.9% year-over-year. Over the period from 2017 to 2020, exports decreased by 78%, with a compound annual growth rate of 39.6%. The maximum value was recorded in 2018 at 8,881 thousand US dollars, which saw the largest increase of 48.9%, while the largest decline occurred in 2019 at 64.0%.

Annual dynamics of product's exports to Turkey in value, 2017-2020, K $ US

From 2017 to 2020, Syria concentrated most of Turkey's cottonseed oil-cake exports in value terms, taking 80.2% of total flows, with a fragmented tail of other markets.

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

World map of product's exports to Turkey in value, 2017-2020

Imports cottonseed oil-cake in Turkey

Imports in kind, t

There were noticeable fluctuations in Turkey's cottonseed oil-cake import market during the period. The lowest volume was observed in 2017, while the highest occurred in 2019, with a peak-to-trough ratio of 238 times. In 2020, Turkey imported approximately 15,783 tons of cottonseed oil-cake, amounting to a decrease of 54.5% versus the previous year. The maximum volume was recorded in 2019 at 34,714 tons, and the largest increase was recorded in 2018 at 20,539.7%.

Annual dynamics of product's imports in Turkey in kind, 2017-2020, t

From 2017 to 2020, Benin and Azerbaijan were the dominant sources for Turkey's cottonseed oil-cake imports in kind, jointly accounting for 99.5% of total flows.

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

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

Imports in value, K $ US

Turkey's cottonseed oil-cake import market exhibited an unstable trend throughout the timeframe. From a low in 2017 to a high in 2018, imports varied by a multiple of 195. In 2020, imported volumes amounted to 3,170 thousand US dollars, showing a loss of 40.3% year-over-year. The maximum value was recorded in 2018 at 5,415 thousand US dollars, which also saw the largest increase of 19,446.3%.

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

Throughout 2017 to 2020, Benin and Azerbaijan were the principal sources for Turkey's cottonseed oil-cake imports in value terms, with their joint share reaching 99.6% of total flows.

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

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