The global cottonseed oil market shows diverse consumption patterns, with China and India dominating domestic consumption, although China saw a slight decline in 2023. Brazil exhibited the most significant year-on-year growth among major consumers, increasing by 10.49%. Despite this, Pakistan and the United States experienced declines of 3.07% and 3.17%, respectively. Smaller markets like Ivory Coast and Chad displayed strong growth of 22.67% and 43.1%, whereas Australia saw a substantial decrease of 23.57% in 2023.
Future trends to watch include India's steady increase in consumption and Brazil's rapid growth, indicating strong potential for further market share expansion. Monitoring economic conditions and agricultural policies in these regions could provide insights on sustaining this growth or any upcoming shifts.
Top countries in Cottonseed Oil Domestic Consumption Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 27.17 | 2023 | -8.73% | -0.44% | View data |
| 2 | 2 India | 27.13 | 2023 | -1.1% | +1.87% | View data |
| 3 | 3 Brazil | 14.11 | 2023 | +20.69% | +10.49% | View data |
| 4 | 4 Pakistan | 7.76 | 2023 | +54% | -3.07% | View data |
| 5 | 5 Uzbekistan | 3.83 | 2023 | -5% | +0.53% | View data |
| 6 | 6 United States | 2.88 | 2023 | +1.42% | -3.17% | View data |
| 7 | 7 Mali | 1.17 | 2023 | +20.83% | -3.96% | View data |
| 8 | 8 Turkmenistan | 1.09 | 2023 | 0% | 0% | View data |
| 9 | 9 Cameroon | 0.69 | 2023 | +9.68% | +2.53% | View data |
| 10 | 10 Myanmar | 0.65 | 2023 | +68.42% | 0% | View data |
