The demand for cottonseed in Italy has witnessed a steady decline from 2014 through to 2023. In 2023, the volume stood at 95.0 thousand metric tons, marking a year-on-year decrease of 3.06%. Over the last five years, the compound annual growth rate (CAGR) has been -3.92%. This downward trend is reflective of a broader pattern of decline which saw notable dips such as a 26.15% fall in 2016, followed by instances of minor recoveries like in 2017 and 2018. However, these recoveries weren't sustained, as evidenced by subsequent year-on-year decreases.
Looking ahead, forecasted data suggests the demand will continue its decline, reaching 80.0 thousand metric tons by 2028. The predicted five-year CAGR is -2.76%, amounting to an estimated 13.04% drop in demand over this period. These projections underscore a persistent downward trend in cottonseed demand in Italy.
Future trends to watch for include potential shifts in agricultural practices, changes in domestic policies influencing cottonseed use, the impact of technological innovation on production efficiency, and broader economic factors that could either mitigate or exacerbate the decline in demand.
