Analysis of global cottonseed oil demand in 2024 illustrates India leading with a significant share of 28.04 thousand metric tons, followed by China at 23.99 thousand metric tons. Over the past year, India's demand slightly increased by 0.55%, while China's decreased by 3.07%. Notable growth includes Burkina Faso at 1.24% and Mali at 1.11%, contrasted by significant declines in Egypt and Iran by -3.2% and -4.36% respectively. Germany presents remarkable growth at 14.87%, despite smaller bases.
Looking forward, future trends to watch involve the potential for increased cottonseed oil demand in growing economies, the impact of climate change on agricultural yields, and possible policy shifts in major consuming countries like India and China. Monitoring these factors will be crucial for forecasting shifts in the market.
Top countries in Cottonseed Oil Demand Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 28.04 | 2023 | +0.4% | +0.55% | View data |
| 2 | 2 China | 23.99 | 2023 | -2.61% | -3.07% | View data |
| 3 | 3 Pakistan | 9.11 | 2023 | -0.24% | -0.48% | View data |
| 4 | 4 Brazil | 7.38 | 2023 | +1.22% | 0% | View data |
| 5 | 5 Uzbekistan | 5.64 | 2023 | +0.79% | +0.16% | View data |
| 6 | 6 United States | 3.8 | 2023 | -2.29% | -0.69% | View data |
| 7 | 7 Australia | 1.89 | 2023 | 0% | -0.23% | View data |
| 8 | 8 Mexico | 1.76 | 2023 | +1.28% | -0.5% | View data |
| 9 | 9 Burkina Faso | 1.49 | 2023 | +1.52% | +1.24% | View data |
| 10 | 10 Mali | 1.24 | 2023 | 0% | +1.11% | View data |
