In 2023, China led global cottonseed demand, followed by India and the United States. The United States showed a modest year-over-year growth, while China and India experienced declines. Benin and Azerbaijan observed the most significant positive variations, signaling potential emerging markets in Africa. Despite this, several countries like Myanmar, Egypt, and Italy faced notable decreases. Over the last five years, fluctuations demonstrate shifts in regional agricultural practices and economic influences.
Looking forward, global cottonseed demand is anticipated to be influenced by changing agricultural technologies, climate conditions, and biofuel market trends. Focus on African nations as potential growth markets, complemented by steady consumption in leading Asian economies.
Top countries in Cottonseed Demand by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 9,360 | 2023 | -1.71% | -1.74% | View data |
| 2 | 2 India | 9,130 | 2023 | -1.82% | -0.73% | View data |
| 3 | 3 United States | 4,930 | 2023 | +0.49% | +1.15% | View data |
| 4 | 4 Pakistan | 2,920 | 2023 | -2.57% | -1.82% | View data |
| 5 | 5 Brazil | 2,900 | 2023 | +0.87% | -0.44% | View data |
| 6 | 6 Uzbekistan | 1,190 | 2023 | -3.33% | -1.9% | View data |
| 7 | 7 Australia | 1,190 | 2023 | +1.8% | -0.13% | View data |
| 8 | 8 Mexico | 781 | 2023 | +2.23% | +0.87% | View data |
| 9 | 9 Mali | 601 | 2023 | +1.69% | +1.5% | View data |
| 10 | 10 Benin | 450 | 2023 | +3.45% | +3.38% | View data |
