China and India lead in global cottonseed oil domestic food consumption in 2024, with 1.35 and 1.3 million metric tons respectively. Notable trends over the past year reveal a decline in China's consumption by 0.44% and a modest increase in India's by 1.92%. The U.S. and Pakistan observe decreases, while Brazil sees a smaller decline. Countries like Cameroon and Benin report over 2% growth, while Ivory Coast and Chad stand out with significant increases. Noteworthy is the sharp drop in Australia at -23.57%, and Togo at -31.23%. Trends over five years capture varying consumption growth, with Nigeria, Iran, and Chad showing robust increases.
Future trends to monitor include possible impacts of economic shifts and agricultural policies, particularly in leading countries like China and India. Additionally, the development of substitute oils and changing dietary preferences may influence global cottonseed oil consumption patterns. Watch for regional consumption spikes in developing economies and potential technological advancements in cultivation and oil production that could reshape the market. Moreover, geopolitical and environmental factors may affect production and cross-border supply chains, adding layers of complexity to future projections.
Top countries in Cottonseed Oil Domestic Food Consumption by Country
# | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 China | 1,350 | 2023 | -8.73% | -0.44% | View data |
2 | 2 India | 1,300 | 2023 | -1.14% | +1.92% | View data |
3 | 3 Pakistan | 350 | 2023 | +52.17% | -2.88% | View data |
4 | 4 Brazil | 215 | 2023 | 0% | -0.91% | View data |
5 | 5 Uzbekistan | 175 | 2023 | -5.41% | +1.18% | View data |
6 | 6 United States | 143 | 2023 | +1.42% | -3.17% | View data |
7 | 7 Mali | 58 | 2023 | +20.83% | -3.96% | View data |
8 | 8 Turkmenistan | 54 | 2023 | 0% | 0% | View data |
9 | 9 Cameroon | 34 | 2023 | +9.68% | +2.53% | View data |
10 | 10 Myanmar | 32 | 2023 | +68.42% | 0% | View data |