Based on the data available, the export volume of cottonseed oil in Malaysia stood at 15.0 thousand metric tons in 2023. This represents a year-on-year increase of 7.14%. Observing the trend over the last decade, the export volume saw significant fluctuations, particularly with notable increases in 2018 and stable growth in the years following. From 2019 to 2023, there were some declines, but the overall trend showed recovery and growth.
In terms of future trends, the forecasted data from 2024 to 2028 indicates a continued increase, with volumes reaching 17.77 thousand metric tons by 2028. The forecasted CAGR over the next five years is anticipated to be 2.76%, resulting in a 14.57% total growth rate by the end of this period. Future trends to watch for include global demand shifts, competitive positioning, and potential trade policy changes that might impact Malaysia's export capacity and market share.
