In 2023, China's domestic consumption of cottonseed meal stood at approximately 4.12 million metric tons. The forecasted data from 2024 to 2028 indicates a gradual increase in consumption from 4.15 million metric tons in 2024 to 4.28 million metric tons in 2028. Year-on-year variations show a consistent growth rate, with a compound annual growth rate (CAGR) over this period reflecting a modest but steady increase indicative of stable demand within the market.
Future trends to watch for include:
- Potential impacts of government agricultural policies on cottonseed production and consumption.
- Trends in the Chinese livestock industry which heavily rely on cottonseed meal as feed, influencing domestic demand.
- Fluctuations in global cotton production markets, affecting cottonseed availability and prices.