The demand for cottonseed oil in Mexico stood at 79.0 thousand metric tons in 2023, showing a modest year-on-year increase of 1.28%. Over the last two years, the demand has rebounded with year-on-year variations of 1.3% in 2022 and 22.07% in 2021. However, the compound annual growth rate (CAGR) from 2019 to 2023 is -0.5%, indicating overall stagnation after a peak in 2018. Moving forward, the forecast suggests a slight but continuous increase, with the CAGR for the next five years expected to be 1.17%, reaching approximately 85.14 thousand metric tons in 2028.

Future trends to watch for include:

The impact of agricultural policies and economic conditions on production costs and supply chain stability.
Consumer trends towards healthier and sustainable oils which could shift demand patterns.
Technological advancements in extraction and production processes potentially reducing costs and affecting supply dynamics.