In 2023, Spain led the European import market for refined cotton-seed oil by a significant margin, with its imports standing at 3.5071 million kilograms. Among other notable importers, Greece and Bulgaria followed, although they experienced year-on-year declines of 10.87% and 3.84% respectively. Germany and Croatia saw increases of 9.0% and 5.21%, with the Netherlands showing a remarkable increase of 113.21%. However, countries like France, Sweden, and Lithuania faced notable reductions in import volumes, with Lithuania declining by 16.93%. Luxurious nations like Luxembourg saw an impressive increase of 103.94%, albeit from a much smaller base volume.
Future trends to watch include the resurgence of countries like Spain and the potential stabilization of Greek and Bulgarian imports, despite recent declines. The significant increases in countries such as the Netherlands and Luxembourg might indicate a growing demand for refined cotton-seed oil, potentially driven by emerging applications or changing consumer preferences. Monitoring shifts in trade policies, currency fluctuations, and advances in alternative oils will be crucial for anticipating future import dynamics in Europe.
Top countries in Import of Refined 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 |
