The supply of cottonseed oil in Nigeria was 21.0 thousand metric tons in 2023. Going forward, the forecasted supply for 2024, 2025, and 2026 remains stable at 21.0 thousand metric tons. In 2027, there is a slight increase to 22.0 thousand metric tons, which continues into 2028. This represents a year-on-year increase of 4.8% from 2026 to 2027 and zero percent growth in the preceding years. The five-year Compound Annual Growth Rate (CAGR) from 2023 to 2028 stands at approximately 0.9%.
Future trends to watch for include:
- Changes in agricultural policies that could impact cottonseed production.
- Technological advancements in farming that might increase yield.
- Market demand fluctuations influenced by domestic and international consumption patterns.
