What is the price of cottonseed oil per kilogram/pound in Australia today?
The retail price range for Australia cottonseed oil is between US$ 4.53 and US$ 12.54 per kilogram or between US$ 2.06 and US$ 5.69 per pound(lb). Click here to see today's exact prices of cottonseed oil in Australia
The retail price range in Australian Dollar for cottonseed oil is between AUD 6.82 and AUD 18.86 per kilogram or between AUD 3.09 and AUD 8.55 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia cottonseed oil is between US$ 3.17 and US$ 8.78 per kilogram or between US$ 1.44 and US$ 3.98 per pound(lb).
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Australia Cottonseed Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of cottonseed oil from Australia has seen a steady increase over the last five years. In 2017, the price was 1.62 US dollars per kg, and in 2021 it was 1.89 US dollars per kg. The highest price was recorded in 2022, at 3.23 US dollars per kg. The price has since decreased to 1.49 US dollars per kg in 2020. Based on this trend, it is predicted that the export price per kilogram of cottonseed oil from Australia will be 1.77 US dollars per kg in 2023 and 2.06 US dollars per kg in 2024.The exports of cottonseed oil from Australia are classified as:
- Sunflower-seed or safflower oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151219)
- Crude cotton-seed oil (HS code 151221)
- Cotton-seed oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151229)
Australia Cottonseed Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of cottonseed oil into Australia has been relatively stable over the last five years. In 2017, the price was $1.62, followed by $1.92 in 2018, $1.59 in 2019, $1.49 in 2020 and $1.89 in 2021. This indicates a slight increase in the price of cottonseed oil over the last five years. However, the price has been volatile in the last two years, with a sharp increase in 2022 to $3.23. Based on this trend, it is likely that the price of cottonseed oil will remain high in 2023 and 2024, with an estimated price of $3.50 and $3.75 respectively.Export values for Australia cottonseed oil
The total values in export for cottonseed oil in Australia were US$ 5,627, US$ 869, US$ 768 and US$ 1,885 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Australia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of cottonseed oil in other countries across Oceania: Fiji cottonseed oil, French Polynesia cottonseed oil, Guam cottonseed oil, Micronesia cottonseed oil, New Caledonia cottonseed oil, Papua New Guinea cottonseed oil, Samoa cottonseed oil, Solomon Islands cottonseed oil, Tonga cottonseed oil & Vanuatu cottonseed oil.
Australia cottonseed oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of cottonseed oil sold by Australia in 2020 was 1,155 metric tons. In 2019 Australia exported 1,183 tonnes of cottonseed oil. Across 2019 alone, the interest in Australia cottonseed oil (processed category) has escalated, flactuating by 195.75 pc compared to the year 2018. Between 2017 and 2019, cottonseed oil's exports increased by 120.71 percent earning Australia US$1.88m for the year 2019. Australia's cottonseed oil exports are categorised as:
- Sunflower-seed or safflower oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151219)
- Cotton-seed oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151229)
- Crude cotton-seed oil (HS code 151221)
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Australia cottonseed oil export values
In 2019, Australia shipped cottonseed oil valued at 1.88m USD, an increment of 144.79% from 2018's total cottonseed oil export of 0.768m USD. The yearly change in value of Australia cottonseed oil between 2017 to 2018 was -11.623 pc.
The per year change in the volume of Australia's cottonseed oil exports between 2017 and 2019 was 120.71 pc compared to a variation of 195.75% in the period between 2018 and 2019.
Australia's share of the world's total cottonseed oil's exports in 2019 was less than 1%. Australia is ranked number 25 in world exports of cottonseed oil.
Export markets for Australia cottonseed oil ( in '000$ )
Australia's best performing export markets for cottonseed oil are United Arab Emirates (UAE), Japan, India, Singapore and Malaysia.
Import/Export Trends
Australia is a net importer of cottonseed oil. The annual growth of Australia cottonseed oil in value between 2015 to 2019 was -6%, per annum, while annual growth in quantity for the same period was -6%, per annum.
Australia imported 76,741 tonnes of cottonseed oil in 2019.