In 2023, the supply of cottonseed oil in Brazil stood at 740.0 thousand metric tons. Based on the forecasted data, the supply is expected to reach 747.0 thousand metric tons in 2024, rising to 778.0 thousand metric tons by 2028. The year-on-year variation for 2024 is approximately 0.95%. Over the last two years (2023-2024), the variation is nearly 0.95%, and the last CAGR, covering the five-year forecast period (2024-2028) stands at approximately 1.28% per year.
Future trends to watch for include potential shifts in agricultural practices, changes in global demand for vegetable oils, advancements in biofuel production using cottonseed oil, and the impact of climate change on cotton production in Brazil. Continued monitoring of these factors will be critical for accurate supply forecasting.
Key Points:
- 2023: 740.0 thousand metric tons
- 2024: 747.0 thousand metric tons
- 2025: 755.0 thousand metric tons
- 2026: 762.0 thousand metric tons
- 2027: 770.0 thousand metric tons
- 2028: 778.0 thousand metric tons
- Year-on-year variation (2023-2024): ~0.95%
- 5-year CAGR (2024-2028): ~1.28% per year
