The cottonseed oil market in Mozambique experienced significant fluctuations over the past decade. The market size increased from 3.0 thousand metric tons in 2014 to 6.0 thousand metric tons in 2023. Key growth periods included 2015 and 2017, with increases of 33.33% and 50% respectively. Notable declines occurred in 2018 and 2020, with -16.67% and -0.4% changes. Over the long run, the market has shown steady growth, with a CAGR of 3.71% over the past five years. As of 2023, the market size stood at 6.0 thousand metric tons, maintaining stability compared to the previous year.
Future trends to watch for include:
- Anticipated market growth at a forecasted 5-year CAGR of 2.1%, reaching an estimated 6.92 thousand metric tons by 2028.
- Potential impacts of agricultural policies and technological advancements on production efficiency.
- Shifts in global cottonseed oil demand and prices influencing local market dynamics.