Germany’s cottonseed oil import volume remained stable at 1.0 thousand metric tons from 2014 to 2016, followed by a sharp increase to 7.0 in 2017. This spike was not sustained, and imports fell back to 1.0 in 2018. The following years saw a gradual increase, reaching a steady 3.0 thousand metric tons from 2020 to 2023.
Key trends over the period:
- 2014-2016: Stable imports at 1.0 thousand metric tons.
- 2017: Dramatic 600% increase to 7.0, followed by a significant decrease in 2018 (-85.71%).
- 2019-2023: Recovery and stabilization, with a 100% increase in 2019 and consistent imports at 3.0 starting from 2020.
In 2023, the import volume stood at 3.0 thousand metric tons with a year-on-year growth rate of 0%, indicating stability. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) was 24.57%, reflecting overall growth despite intermediate fluctuations.
Future Trends:
- Forecasts indicate a slight growth, reaching 4.0 thousand metric tons by 2028, with an average annual growth rate of 5.92%.
- Continued monitoring of market conditions and trade policies impacting import volumes is crucial.
