In 2023, cottonseed oil production in Saudi Arabia stood at 20.17 thousand metric tons. From 2013 to 2023, the production has generally shown an upward trend with fluctuations. Significant year-on-year variations include a high increase of 39.82% in 2014 and a notable decrease of 9.9% in 2015. Over the most recent two years, increases of 2.79% and 2.66% were noted. The compound annual growth rate (CAGR) over the last five years was 3.82%.
Looking ahead to the forecasted years from 2024 to 2028, cottonseed oil production is expected to continue its upward trajectory, with an estimated growth rate of 10.39% and a forecasted 5-year CAGR of 2%.
Future trends to watch for include the impact of technological advancements in agriculture, sustainability practices, and potential changes in domestic and global demand for cottonseed oil. These factors could significantly influence the production volumes and growth rate in the coming years.
