The historical data for cottonseed oil production in China indicates a declining trend from 2013 to 2023, with some fluctuations. The production value stood at 1.1413 million metric tons in 2023. Year-on-year variations show significant declines, particularly notable in 2016 (-19.61%) and moderate oscillations around years of slight growth (e.g., 2017 at 2.55%). The Compound Annual Growth Rate (CAGR) over the last five years (2023) was -1.99%, reflecting an overall downward trajectory.
- Historical trend (2013-2023): General decline with few intermittent increases.
- 2023 Production: 1.1413 million metric tons.
- Last two years variation: -1.49% in 2022, -1.48% in 2023.
- CAGR (last 5 years): -1.99%.
The forecast for the next five years anticipates continued decrease in cottonseed oil production, maintaining a less steep decline as indicated by the projected CAGR of -1.3% by 2028. Future trends to watch include potential shifts in agricultural policy, advancements in oil extraction technology, and changes in cottonseed availability due to climate impact or changes in cotton production practices.
