What is the price of cottonseed oil per kilogram/pound in New Zealand today?
The retail price range for New Zealand cottonseed oil is between US$ 1.21 and US$ 4.35 per kilogram or between US$ 0.55 and US$ 1.97 per pound(lb). Click here to see today's exact prices of cottonseed oil in New Zealand
The retail price range in New Zealand Dollar for cottonseed oil is between NZD 1.92 and NZD 6.92 per kilogram or between NZD 0.87 and NZD 3.14 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand cottonseed oil is between US$ 0.85 and US$ 3.04 per kilogram or between US$ 0.38 and US$ 1.38 per pound(lb).
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New Zealand Cottonseed Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of cottonseed oil from New Zealand has seen a steady decline over the last five years. In 2017, the price was 1.72 US$ per kg, and in 2021 it was 2.10 US$ per kg. This represents a decrease of 22.09%. The lowest price was recorded in 2016, when it was 1.88 US$ per kg. The highest price was in 2011, when it was 5.60 US$ per kg. The current price of 2.12 US$ per kg is slightly higher than the average of the last five years, which is 1.99 US$ per kg. Based on the current trend, it is likely that the price of cottonseed oil from New Zealand will remain around 2.00 US$ per kg in 2023 and 2024.The New Zealand cottonseed oil exports are categorised as:
- 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)
- Sunflower-seed or safflower oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151219)
New Zealand Cottonseed Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of cottonseed oil into New Zealand has been quite volatile over the last five years. In 2016, the price was at its lowest point of $1.88, before increasing to $2.47 in 2018. However, the price dropped again in 2019 to $1.96, before rising to $2.12 in 2020. The most recent data shows that the price has remained steady at $2.10 in 2021. Looking ahead, it is likely that the import price per kilogram of cottonseed oil into New Zealand will remain relatively stable in the next two years. We predict that the price will be $2.15 in 2023 and $2.20 in 2024.Export values for New Zealand cottonseed oil
The total values in export for cottonseed oil in New Zealand were US$ 32, US$ 136, US$ 131 and US$ 204 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in New Zealand: 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.
New Zealand cottonseed oil - Production, Exports, Imports, Seasons and HS Codes
The volume of cottonseed oil exported by New Zealand in 2020 was 356 tonnes. In 2019 New Zealand exported 104 tonnes of cottonseed oil. Through 2019 alone, the market for New Zealand cottonseed oil (processed category) has gone up, with a change of 96.226 % compared to the year 2018. Between 2017 and 2019, cottonseed oil's exports increased by 31.65 percent earning the exporter US$0.20m for the year 2019. New Zealand's cottonseed oil exports are categorised as:
- Sunflower-seed or safflower oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151219)
- Cotton-seed oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151229)
- Crude cotton-seed oil (HS code 151221)
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New Zealand cottonseed oil export values
In 2019, New Zealand sold cottonseed oil worth 0.20m USD, a surge of 52.67% from 2018's total cottonseed oil export of 0.131m USD. The yearly growth in value of New Zealand cottonseed oil between 2017 to 2018 was -3.676 pc.
The annual change in the volume of New Zealand's cottonseed oil exports between 2017 and 2019 was 31.65 pc when compared to a variation of 96.226% in the growth rate between 2018 and 2019.
New Zealand's share of the world's total cottonseed oil's exports in 2019 was less than 1%. New Zealand holds number 54 in world exports of cottonseed oil.
Export markets for New Zealand cottonseed oil ( in '000$ )
New Zealand's top export markets for cottonseed oil are Tonga and Australia.
Import/Export Trends
New Zealand is a net importer of cottonseed oil. The annual growth of New Zealand cottonseed oil in value between 2015 to 2019 was 26%, per annum, while annual growth in quantity was 7%, per annum.
New Zealand ordered 14,025 tonnes of cottonseed oil in 2019.