Between 2014 and 2023, cottonseed processing in Mexico has exhibited significant volatility. Commencing from 236.0 thousand metric tons in 2014, it spiked to 320.0 thousand metric tons in 2015, marking a noteworthy 35.59% increase. The subsequent year saw a sharp decline of 30%, followed by consistent upward movements and minor setbacks, characterized by a significant 36.54% rise in 2018 and a 5.84% drop in 2019. From 2020 onwards, the industry witnessed a steady growth trajectory, with slight year-on-year variations. By 2023, the volume reached 437.0 thousand metric tons, indicating an annual increase of 2.82%.
Looking forward, the forecast suggests a continued growth path, with cottonseed processing projected to rise to 494.0 thousand metric tons by 2028, reflecting a 5-year CAGR of 1.93% and a total growth rate of 10.02%.
Future trends to watch for include technological advancements in processing methods, fluctuations in global cotton markets, and potential policy changes affecting agriculture and trade within Mexico. Attention to sustainability practices and innovations in bio-based products will also be crucial factors shaping the sector's future.
