In 2024, Australia's share of global cottonseed oil imports leads at 27.71 thousand metric tons, despite a 5.8% drop from 2023. Mexico follows with 18.07 thousand metric tons, also facing a decline of 9.71%. The United States and Canada maintained stable imports at 10.84 and 7.23 thousand metric tons, respectively. Uzbekistan displayed robust growth, increasing by 14.87% to 9.64 thousand metric tons. Contrastingly, Kyrgyzstan decreased by 9.71%, matching India's stable import figure of 3.61 thousand metric tons. Japan, South Africa, and Tajikistan saw significant decreases, notably Japan and South Africa with a 100% drop. Other notable trends include growth in Mali (+10.76%) and a decline in Brazil (-24.21%).
Future trends to watch include potential stabilization in volatile markets like Japan and South Africa, continued growth in emerging markets such as Mali and Uzbekistan, and sustained high demands in leading importers like Australia and Mexico. Market dynamics and regional economic factors will play crucial roles in shaping these import patterns.
Top countries in Cottonseed Oil Import Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Australia | 27.71 | 2023 | -23.33% | -5.8% | View data |
| 2 | 2 Mexico | 18.07 | 2023 | -37.5% | -9.71% | View data |
| 3 | 3 United States | 10.84 | 2023 | +28.57% | View data | |
| 4 | 4 Uzbekistan | 9.64 | 2023 | 0% | +14.87% | View data |
| 5 | 5 Canada | 7.23 | 2023 | 0% | 0% | View data |
| 6 | 6 Mali | 6.02 | 2023 | 0% | +10.76% | View data |
| 7 | 7 India | 3.61 | 2023 | +200% | View data | |
| 8 | 8 Kyrgyzstan | 3.61 | 2023 | -25% | -9.71% | View data |
| 9 | 9 Japan | 2.41 | 2023 | -100% | View data | |
| 10 | 10 South Africa | 2.41 | 2023 | -16.74% | View data |
