The demand for cottonseed oil in China has shown significant fluctuation over the last decade. From 2014's 1.63 million metric tons, the consumption has generally trended downwards, evidenced by the year-on-year decreases and a notable contraction in consumption by 2023 to 1.08 million metric tons. Specifically, the year-on-year variation for 2023 was -2.61%, continuing a trend of decline with a compound annual growth rate (CAGR) over the last five years of -3.07%. Forecasts project the downward trend to persist, with an anticipated five-year CAGR of -2.41%, predicting a decrease to approximately 0.92778 million metric tons by 2028.
Future trends to watch for include shifts in dietary preferences, policies promoting alternative oils, and technological advancements in oilseed processing, which could impact the speed and extent of demand changes.
