Analyzing cottonseed demand in Malaysia over the past decade reveals significant fluctuations. The demand reached its peak in 2014 before plummeting by 55.56% in 2015 and a further 75% in 2016. A recovery phase followed with a 500% increase in 2017 and a steady rise in subsequent years, especially notable in 2018 with a 33.33% growth. Since 2019, the demand stabilized at 7 thousand metric tons, maintaining this level through to 2023.
The year 2023 saw no year-on-year changes, with the volume remaining stable as observed in the previous four years. Overall, the Compound Annual Growth Rate (CAGR) for the past five years shows a -2.64% average annual decrease.
Looking ahead to the forecasted period from 2024 to 2028, the demand is expected to remain constant at 7 thousand metric tons, reflecting a forecasted 5-year CAGR of 0%. This suggests stability but no growth in this period.
Future trends to watch for:
- The impact of emerging agricultural technologies on cottonseed productivity
- Perturbations from climatic changes and global trade policies
- Shifts in consumer demand for cotton-based products influencing raw material needs
