The import volume of cottonseed oil in Malaysia has demonstrated fluctuations over the past decade, with the actual volume standing at 14.0 thousand metric tons in 2023. From 2014 to 2023, the compound annual growth rate (CAGR) was approximately 1.49%, showing a gradual increase. Notable year-on-year variations include a significant 27.27% increase in 2015 and a sharp 28.57% decrease in 2016. More recently, 2021 saw an increase of 13.36%, while the volume stabilized from 2022 to 2023 with no variation.
The forecast for 2024 to 2028 suggests modest growth with a forecast 5-year CAGR of 0.95%, resulting in an anticipated volume of 14.93 thousand metric tons by 2028, representing an overall growth rate of 4.85% over this period.
Future trends to watch for include potential impacts from global cottonseed oil supply fluctuations, changes in trade policies, and shifts in Malaysia's domestic demand and production capabilities. Monitoring these factors will be essential for accurate forecasting and strategic planning.
