In 2023, Australia led global cottonseed oil imports at 23.0 thousand metric tons, experiencing a 5.8% decrease from the previous year. Mexico followed with a 9.71% decline, totaling 15.0 thousand metric tons. The United States maintained a steady import value of 9.0 thousand metric tons. Uzbekistan showed growth with a 14.87% rise, importing 8.0 thousand metric tons. Mali increased its imports by 10.76%, totaling 5.0 thousand metric tons. Conversely, Japan and South Africa both registered a complete cessation in imports, while Tajikistan faced a significant reduction of 34.82%.
CAGR calculations over the past five years indicate varying trends: some regions see decline, while others are on an upward trajectory. Future trends to monitor include:
- Australia and Mexico’s ability to stabilize their declining imports.
- Uzbekistan and Mali's strategies to sustain growth in imports.
- Recovery efforts in countries with halted imports, such as Japan and South Africa.
- Global market shifts potentially affecting large importers like India and the United States.
Top countries in Cottonseed Oil Import by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Australia | 23 | 2023 | -23.33% | -5.8% | View data |
| 2 | 2 Mexico | 15 | 2023 | -37.5% | -9.71% | View data |
| 3 | 3 United States | 9 | 2023 | +28.57% | View data | |
| 4 | 4 Uzbekistan | 8 | 2023 | 0% | +14.87% | View data |
| 5 | 5 Canada | 6 | 2023 | 0% | 0% | View data |
| 6 | 6 Mali | 5 | 2023 | 0% | +10.76% | View data |
| 7 | 7 India | 3 | 2023 | +200% | View data | |
| 8 | 8 Kyrgyzstan | 3 | 2023 | -25% | -9.71% | View data |
| 9 | 9 Japan | 2 | 2023 | -100% | View data | |
| 10 | 10 South Africa | 2 | 2023 | -16.74% | View data |
