The demand for cottonseed oil in Germany has demonstrated significant volatility over the past decade. From 2014 to 2016, the consumption held steady at 1.0 thousand metric tons annually. A notable spike occurred in 2017, with an increase of 400% compared to the previous year. Since then, demand has fluctuated slightly, stabilizing at 2.0 thousand metric tons from 2019 onwards. In 2023, the consumption remained steady at 2.0 thousand metric tons. Over the last five years, the compound annual growth rate (CAGR) is reported to be 14.87%, reflecting an overall positive growth trend despite the fluctuations.
Looking ahead to the forecast period from 2024 to 2028, demand is anticipated to remain constant at 2.0 thousand metric tons, suggesting limited growth opportunities in the immediate future. The forecasted 5-year CAGR is 0%, indicating a stable yet stagnant market environment.
Future trends to watch for include:
- Dietary shifts and health trends which might influence increased or decreased consumption of cottonseed oil.
- Technological advancements in cottonseed oil production, potentially impacting supply dynamics.
- Environmental policies or agricultural changes affecting cotton cultivation and oil extraction.
- Potential economic fluctuations that could influence consumer purchasing power and preferences.
