Earlier Report Observations
The Mexican cottonseed oil market volume grew from 72 032 tons in 2018 to a peak of 81 366 tons in 2019, before entering a period of decline. This downward trend was most pronounced in 2021, when the market contracted sharply by 32% to 50 397 tons, driven by a simultaneous drop in domestic production and imports.
Global price volatility linked to climatic conditions and crop yield issues in 2022 further constrained the market, particularly affecting import volumes which fell dramatically. This contributed to the market size decreasing to 44 834 tons that year, highlighting Mexico's ongoing dependence on imported supplies to meet domestic demand.
A slight recovery to 45 361 tons in 2023 indicated market stabilization. The broader period saw an increased consumer focus on oils with favorable nutritional profiles, such as cottonseed oil, though this did not offset the larger supply-side constraints that defined the market's trajectory.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2025
- 4.1.1.3. Exports, 2018-2025
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Mexico
- 5.1.1. Annual dynamics of production in Mexico in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Mexico in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Mexico
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Mexico in kind, 2018-2025, t
- 6.1.2.2. Dynamics of product's imports in kind to Mexico by countries, 2018-2025, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Mexico in value, 2018-2025, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Mexico by countries, 2018-2025, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Mexico, 2018-2025, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Mexico by countries, 2018-2025, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Mexico in kind, 2018-2025, t
- 6.2.2.2. Dynamics of product's imports in kind to Mexico by countries, 2018-2025, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Mexico in value, 2018-2025, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Mexico by countries, 2018-2025, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Mexico, 2018-2025, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Mexico by countries, 2018-2025, $ US/t
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6.1. Imports (Direct Data)
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7. Trade balance
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7.1. Trade balance (Direct Data)
- 7.1.1. In kind, t
- 7.1.2. In value, K $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, t
- 7.2.2. In value, K $ US
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7.1. Trade balance (Direct Data)
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8. Top buying and selling countries, 2018-2025
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8.1. Direct Data
- 8.1.1. Import in Value by Countries-buyers
- 8.1.2. Export in Value by Countries-suppliers
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8.2. Mirror Data
- 8.2.1. Import in Value by Countries-buyers
- 8.2.2. Export in Value by Countries-suppliers
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8.1. Direct Data
Production cottonseed oil and fractions in Mexico
In kind, 2018-2021, t
On a global scale, Mexico ranked as the 8th largest producer of cottonseed oil and fractions from 2018 to 2021.
Top producers of cottonseed oil and fractions, 2018-2021
World map of production of cottonseed oil and fractions, 2018-2021
Mexico's production of cottonseed oil and fractions declined for the second year in a row. In 2021, the country produced 45 100 tonnes, marking a significant drop of 22.0% compared to the previous year. Over the period from 2018 to 2021, production fell by 22.9%, which translates to an average annual decrease of 8.3%. The highest output was recorded in 2019 at 64 300 tonnes, with the largest year-on-year increase of 9.9% also occurring that year.
Annual dynamics of production in Mexico in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 9.9% | (10.1%) | (22.0%) | (8.3%) |
Exports cottonseed oil and fractions from Mexico
According to the desk-based market study, Mexico did not export any cottonseed oil and fractions between 2018 and 2021.
Imports cottonseed oil and fractions to Mexico
Imports in kind, t
Mexico's imports of cottonseed oil and fractions fell for the second consecutive year. In 2021, imports stood at 5 297 tonnes, showing a sharp decline of 66.9% from 2020. From 2018 to 2021, imports decreased by 60.9%, averaging an annual drop of 26.8%. The peak was in 2019 with 17 066 tonnes, and the largest year-on-year increase of 26.1% also took place in 2019.
Annual dynamics of product's imports to Mexico in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 26.1% | (6.3%) | (66.9%) | (26.8%) |
From 2018 to 2021, cottonseed oil and fractions imported into Mexico came almost entirely from the United States, which accounted for 100.0% of total imports in volume.
Structure of product's imports in kind by countries, 2018-2021
World map of product's imports to Mexico in kind, 2018-2021
Imports in value, K $ US
The market showed an unstable trend over this period. Imports in value terms fluctuated significantly, with a 3.4-fold difference between the peak in 2019 and the low in 2021. In 2021, Mexico's imports of cottonseed oil and fractions totaled 5 065 thousand US dollars, a decrease of 70.1% from the previous year. The highest value was recorded in 2019 at 17 065 thousand US dollars, with the largest year-on-year increase of 8.7% also occurring that year.
Annual dynamics of product's imports to Mexico in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 8.7% | (0.8%) | (70.1%) | (31.4%) |
From 2018 to 2021, the country structure of imports in value terms was highly concentrated, with the United States alone making up 100.0% of total import flows.
Structure of product's imports in value by countries, 2018-2021
World map of product's imports to Mexico in value, 2018-2021
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