Spain’s cottonseed oil production saw significant fluctuations from 2013 to 2023, peaking at 16.8 thousand metric tons in 2014. From 2015 onwards, a downward trend was observed, with a reduction in the year-on-year growth rate every successive year until it reached 10.92 thousand metric tons in 2023. The average annual growth rate over the past five years records a decline of 2.52%. Forecast data predicts a continued decrease, with production dropping to 8.91 thousand metric tons by 2028, reflecting a negative CAGR of -3.22%.
Future trends to watch for:
- Impact of climate change on agricultural output
- Technological advancements in oil extraction processes
- Shifts in global demand for cottonseed oil and related products
- Potential regulatory changes in agricultural policies within the EU
