Israel: Refined Cotton-Seed Oil Market 2024

Refined Cotton-Seed Oil Market Size in Israel

The Israeli refined cotton-seed oil market contracted slightly to $X in 2023, waning by X% against the previous year. In general, consumption saw a noticeable decrease. Refined cotton-seed oil consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Refined Cotton-Seed Oil Production in Israel

In value terms, refined cotton-seed oil production shrank slightly to $X in 2023 estimated in export price. Over the period under review, production recorded a noticeable descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. Refined cotton-seed oil production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Refined Cotton-Seed Oil Exports

Exports from Israel

In 2020, overseas shipments of refined cotton-seed oil decreased by X% to X tons, falling for the second consecutive year after two years of decline. In general, exports faced a abrupt slump. The smallest decline of X% was in 2014. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

In value terms, refined cotton-seed oil exports amounted to $X in 2020. Over the period under review, exports faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for refined cotton-seed oil exports from Israel, with a X% share of total exports. Moreover, refined cotton-seed oil exports to Belgium exceeded the volume sent to the second major destination, France (X kg), twofold.

From 2013 to 2020, the average annual rate of growth in terms of volume to Belgium was relatively modest.

In value terms, the largest markets for refined cotton-seed oil exported from Israel were France ($X) and Belgium ($X).

Belgium, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2020, the average refined cotton-seed oil export price amounted to $X per ton, flattening at the previous year. Overall, the export price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2020, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium amounted to $X per ton.

From 2013 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France (X%).

Refined Cotton-Seed Oil Imports

Imports into Israel

In 2023, approx. X tons of refined cotton-seed oil were imported into Israel; declining by X% compared with 2022. Over the period under review, imports saw a noticeable decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, refined cotton-seed oil imports fell significantly to $X in 2023. Overall, imports saw a slight setback. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then declined notably in the following year.

Imports by Country

In 2023, Turkey (X tons) constituted the largest refined cotton-seed oil supplier to Israel, accounting for a X% share of total imports. Moreover, refined cotton-seed oil imports from Turkey exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and France (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of refined cotton-seed oil to Israel, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

Import Prices by Country

The average refined cotton-seed oil import price stood at $X per ton in 2023, waning by X% against the previous year. In general, import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, refined cotton-seed oil import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2022, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform