The demand for cottonseed oil in Saudi Arabia has seen fluctuations and a general declining trend over the past decade. After peaking at 16 thousand metric tons in 2014, the market stabilized at 14 thousand metric tons through 2018 and 2019. However, there was a sharp drop of 17% in 2020, followed by a slight recovery to 13 thousand metric tons in 2021, which remained stable through 2023. As we analyze the future, data suggests a continued gradual decline with a 5-year CAGR forecast of -1.06%, reaching approximately 12.11 thousand metric tons by 2028.
Future Trends to watch for:
- Sustainable and health-conscious consumer preferences impacting demand.
- Government policies and import regulations.
- Economic factors influencing purchasing power and consumption patterns.
