The demand for cottonseed in Argentina has shown a fluctuating trend from 2014 to 2023, reaching 409 Thousand Metric Tons in 2023. The data indicates a significant drop from 2014 to 2017 followed by a recovery in 2018 and subsequent annual fluctuations. The year-on-year variation for 2023 stood at -0.24%, reflecting a marginal decline. Over the last five years, the CAGR is noted to be -1.76%, indicating a consistent gradual decrease in demand.
For the forecasted period from 2024 to 2028, the year-on-year decrease ranges between -0.24% to -0.29%. The forecasted 5-year CAGR stands at -0.24%, signaling a continuation of the gradual decline observed in recent years.
Future trends to watch for include changes in agricultural policies, international trade agreements, technological advancements in soybean alternatives, and climate change impacts, which could influence cottonseed demand. Monitoring these factors will provide a clearer picture of the demand trajectory.
