The global cottonseed oil import landscape in 2024 shows Nigeria leading with 19.05 thousand metric tons, followed by Mexico (15.65), Australia (12.24), and Malaysia (9.52). While Nigeria and France demonstrated significant growth with year-on-year variations of 4.94% and 8.45% respectively, Germany had the highest year-on-year surge at 24.57%. Conversely, Tajikistan, Mali, and Lesotho experienced notable declines, registering -11.27%, -12.94%, and -12.94% respectively.
Future trends to watch include potential increases in imports by countries like Germany and France, which have shown remarkable growth. Additionally, geopolitical and economic developments in key importing nations could significantly impact the global cottonseed oil trade dynamics over the next few years.
Top countries in Cottonseed Oil Import Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Nigeria | 19.05 | 2023 | +3.7% | +4.94% | View data |
| 2 | 2 Mexico | 15.65 | 2023 | +4.55% | 0% | View data |
| 3 | 3 Australia | 12.24 | 2023 | 0% | +2.38% | View data |
| 4 | 4 Malaysia | 9.52 | 2023 | 0% | +1.49% | View data |
| 5 | 5 Tajikistan | 7.48 | 2023 | -15.38% | -11.27% | View data |
| 6 | 6 Canada | 5.44 | 2023 | 0% | -2.33% | View data |
| 7 | 7 South Africa | 5.44 | 2023 | 0% | 0% | View data |
| 8 | 8 Uzbekistan | 4.08 | 2023 | 0% | 0% | View data |
| 9 | 9 France | 4.08 | 2023 | 0% | +8.45% | View data |
| 10 | 10 Benin | 3.4 | 2023 | +25% | +4.56% | View data |
