The 2024 forecast for global cottonseed production shows India and China almost equal, jointly dominating with over 50% share. Brazil's growth, at 9.57% year-on-year for 2023, indicates a significant rise. The U.S. saw a decline of 6.68% in 2023, while Australia's production surged by 18.31%, highlighting a shift in production dynamics. Notably, smaller producers like Paraguay and Chad experienced massive growth, surpassing 40% year-on-year. Over the last five years, mild fluctuations characterized the market, but the trajectory indicates diversification outside traditional leaders.
Future trends to watch include increases in production capacity in Brazil and Australia and shifts driven by climate change. Emerging countries like Paraguay and Chad may continue spurring growth as they improve agricultural technologies. These changes could reshape market dynamics and alter traditional sourcing and trade alliances in cottonseed production.
Top countries in Cottonseed Production Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 25.57 | 2023 | -4.94% | -0.78% | View data |
| 2 | 2 China | 25.49 | 2023 | -12.05% | -0.72% | View data |
| 3 | 3 Brazil | 11.65 | 2023 | +24.24% | +9.57% | View data |
| 4 | 4 United States | 8.71 | 2023 | -9.74% | -6.68% | View data |
| 5 | 5 Pakistan | 6.79 | 2023 | +66.73% | -3.08% | View data |
| 6 | 6 Australia | 3.69 | 2023 | -12.06% | +18.31% | View data |
| 7 | 7 Uzbekistan | 2.74 | 2023 | -12.14% | +0.92% | View data |
| 8 | 8 Argentina | 1.34 | 2023 | +1.83% | +6.4% | View data |
| 9 | 9 Benin | 0.93 | 2023 | +6.59% | -3.43% | View data |
| 10 | 10 Mexico | 0.86 | 2023 | -33.7% | -9.6% | View data |
