What is the price of cottonseed oil per kilogram/pound in Saudi Arabia today?
The retail price range for Saudi Arabia cottonseed oil is between US$ 1.77 and US$ 2.16 per kilogram or between US$ 0.80 and US$ 0.98 per pound(lb). Click here to see today's exact prices of cottonseed oil in Saudi Arabia
The retail price range in Saudi Riyal for cottonseed oil is between SAR 6.62 and SAR 8.10 per kilogram or between SAR 3.00 and SAR 3.67 per pound(lb) in Riyadh and Jeddah.
Wholesale prices
In 2024, the approximate wholesale price range for Saudi Arabia cottonseed oil is between US$ 1.24 and US$ 1.51 per kilogram or between US$ 0.56 and US$ 0.69 per pound(lb).
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Saudi Arabia Cottonseed Oil Export Prices - Historical, Trends and Prediction
In 2015, the export price of cottonseed oil from Saudi Arabia was US$ 1.09 per Kg. In 2016, the export price was US$ 0.46 per Kg. In 2017, the export price was US$ 0.27 per Kg. In 2018, the export price was US$ 0.36 per Kg. In 2019, the export price was US$ 0.18 per Kg. For the year 2023, it is predicted that the export price of cottonseed oil from Saudi Arabia will be US$ 0.35 per Kg.The exports of cottonseed oil from Saudi Arabia 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)
Saudi Arabia Cottonseed Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of cottonseed oil into Saudi Arabia has seen a steady decline over the past five years. In 2021, the price was recorded at $2.45, which is the highest price in the past five years. In 2020, the price was $1.37, a decrease of 44.1% from the 2021 price. In 2019, the price was $1.43, a decrease of 4.4% from the 2020 price. In 2018, the price was $1.49, a decrease of 4.1% from the 2019 price. In 2017, the price was $1.65, a decrease of 10.1% from the 2018 price. In 2016, the price was $1.71, a decrease of 4.2% from the 2017 price. Based on this trend, it is predicted that the import price per kilogram of cottonseed oil into Saudi Arabia in 2023 will be $1.19 and in 2024 will be $1.12.Export values for Saudi Arabia cottonseed oil
The total values in export for cottonseed oil in Saudi Arabia were US$ 35,023, US$ 26,214, US$ 26,085 and US$ 20,279 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Saudi Arabia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of cottonseed oil in other countries across Middle East: Bahrain cottonseed oil, Cyprus cottonseed oil, Iraq cottonseed oil, Israel cottonseed oil, Jordan cottonseed oil, Kuwait cottonseed oil, Lebanon cottonseed oil, Palestine cottonseed oil, Oman cottonseed oil & Qatar cottonseed oil.
Saudi Arabia cottonseed oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Saudi Arabia shipped 14,213 tonnes of cottonseed oil. Across 2019 alone, the demand for Saudi Arabia cottonseed oil (processed category) has shrunk, changing by -19.047 per cent compared to the year 2018. Between 2017 and 2019, cottonseed oil's exports went down by -10.68% netting Saudi Arabia US$20.28m for the year 2019. Saudi Arabia's cottonseed oil exports are classified as:
- Sunflower-seed or safflower oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151219)
- Cotton-seed oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151229)
- Crude cotton-seed oil (HS code 151221)
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Saudi Arabia cottonseed oil export values
In 2019, Saudi Arabia exported cottonseed oil costing 20.28m USD, a decrease of -22.25% from 2018's total cottonseed oil export of 26.085m USD. The annual change in value of Saudi Arabia cottonseed oil between 2017 to 2018 was -0.49210346 per cent.
The annual change in the volume of Saudi Arabia's cottonseed oil exports between 2017 and 2019 was -10.68 pc in comparison to a variation of -19.047% in the period between 2018 and 2019.
Saudi Arabia's stake of the world's total cottonseed oil's exports in 2019 was less than 1%. Saudi Arabia holds number 18 in world exports of cottonseed oil.
Export markets for Saudi Arabia cottonseed oil ( in '000$ )
Saudi Arabia's leading destinations for cottonseed oil are Qatar, Kuwait, Jordan and Bahrain.
Import/Export Trends
Saudi Arabia is a net exporter of cottonseed oil. The annual growth of Saudi Arabia cottonseed oil in value between 2015 to 2019 was 21%, per annum, while annual growth in quantity during the same period was 20%, per annum.
Saudi Arabia purchased 26,891 tonnes of cottonseed oil in 2019.