Cottonseed oil production in Saudi Arabia has demonstrated relative stability over the last decade, fluctuating between 16 and 19 thousand metric tons. In 2023, production stood at 17 thousand metric tons. The year-on-year variation for 2023 was 0%, indicating no growth or decline compared to the previous year. Over the past five years, the Compound Annual Growth Rate (CAGR) indicates an average annual variation of 0%, signifying a flat trend in production levels.
Notable historical fluctuations include an 11.11% decline in 2015, a significant recovery of 18.75% in 2016, followed by minor declines in subsequent years. The forecasted trend up to 2028 suggests a slow and steady decline in production with a forecasted 5-year CAGR of -0.27%, contributing to an overall forecasted 5-year growth rate of -1.36%.
Future trends to watch for:
- Potential impacts of technological advancements in agriculture and oil extraction.
- Changes in global demand and pricing for cottonseed oil.
- Government policies or subsidies affecting oilseed crop production.