The import of crude cotton-seed oil to Belgium has shown significant fluctuations from 2013 to 2016, with a notable peak in 2013 followed by a substantial drop in 2014. This downward trend stabilized starting 2017, with slight yet steady year-on-year increases. By 2023, the volume stood at 126.8 thousand kilograms. Over the last two years, the import volume experienced minimal variations with approximate year-on-year increases of 0.0071%. Over the last five years, the CAGR has been consistently low, around 0.0073%, indicating a period of stability following earlier volatility in the market.
The future forecast from 2024 to 2028 indicates a continued trend of minimal year-on-year growth, with an anticipated five-year CAGR of 0.01%. The overall growth rate for this period is expected to remain around 0.03%.
Future trends to watch for include potential changes in global trade policies, shifts in cotton-seed oil production, and variations in demand within the European Union which may impact the stability of imports to Belgium.
