The historical data on the cottonseed oil market volume in Mexico shows some fluctuations over the past decade. The period between 2014 and 2023 generally exhibited stability with occasional years of growth (notably in 2015 and 2017) and a slight dip in 2020. By 2023, the market volume stood at 3.0 thousand metric tons. The last two years (2022 and 2023) showed no year-on-year growth, signaling a stable phase.

Looking at the forecast from 2024 onwards, there is a projection of moderate but steady growth. The volume is expected to inch up year by year, reaching 3.28 thousand metric tons by 2028. This projected increase reflects a 5-year CAGR of approximately 1.25% and an overall growth rate of 6.43% from 2024 to 2028.

Trends to watch for:

Shifts in agriculture practices affecting raw cotton production which can influence cottonseed oil availability.
Changes in dietary habits and consumer health consciousness impacting edible oil demand.
Economic policies or trade agreements that might affect import-export dynamics of edible oils.