The demand for cottonseed in Turkey has shown a general upward trend from 2014 to 2023. In 2023, the demand stood at 1.46 million metric tons, reflecting a modest year-on-year increase of 1.1%. Over the past 5 years, the compound annual growth rate (CAGR) was 0.43%, indicating slow but steady growth. Significant variations were observed in earlier years: a peak growth of 12.23% in 2017 and a dip of -9.77% in 2016. Forecasts predict a continued increase to 1.54 million metric tons by 2028, with a forecasted 5-year CAGR of 0.8% and an overall growth rate of 4.05%.
Future trends to watch for:
- Potential impact of global commodity prices on domestic cottonseed demand.
- Advances in agricultural technology and sustainable practices affecting yield and consumption.
- Economic policies and their influence on the agricultural sector.
- Climate change and weather patterns impacting crop production.
