In 2023, Spain remains the leading importer of cotton-seed oil in Europe at 3.5071 million kilograms, exhibiting a remarkable 76.58% year-on-year growth. Greece, Bulgaria, and Germany follow, although Greece experienced a decline of 10.87% compared to last year. Germany showed a positive trend with a 9.0% increase. Croatia and France saw mixed outcomes, with Croatia growing by 5.21% and France declining by 19.62%. Italy registered a significant surge, up by 99.72%, while countries like Sweden (-8.11%), Lithuania (-16.93%), and Hungary (-23.62%) saw declines. Notable increases were recorded in Luxembourg, Netherlands, and Italy, suggesting growing market interest and potential future growth in these regions.
Future trends to watch include the sustainability and eco-friendliness driving demand, countries with lower current volumes possibly leveraging competitive pricing or trade agreements, and market diversification as businesses look to lessen reliance on current trade partners.
Top countries in Import of Cotton-Seed Oil by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 3,507,100 | 2023 | -0.3% | +76.58% | View data |
| 2 | 2 Greece | 837,170 | 2023 | -20.27% | -10.87% | View data |
| 3 | 3 Bulgaria | 503,230 | 2023 | -5.26% | -3.84% | View data |
| 4 | 4 Germany | 455,340 | 2023 | +23.59% | +9% | View data |
| 5 | 5 Sweden | 295,530 | 2023 | +7.71% | -8.11% | View data |
| 6 | 6 Croatia | 172,270 | 2023 | +6.92% | +5.21% | View data |
| 7 | 7 France | 151,910 | 2023 | +3.42% | -19.62% | View data |
| 8 | 8 Belgium | 126,640 | 2021 | -54.58% | -5.23% | View data |
| 9 | 9 Portugal | 22,110 | 2023 | -0.94% | +10.77% | View data |
| 10 | 10 Ireland | 7,820 | 2023 | +19.62% | +9.49% | View data |
