Based on the given data, cottonseed feed in Turkey has shown fluctuations over the years. From 2014 to 2016, there was a decline in volume, reaching a low point in 2016. However, the period from 2017 to 2023 exhibited a rebound and subsequent steady increase. As of 2023, the volume stood at 180 thousand metric tons with consistent yearly growth. The year-on-year variation for 2023 was 1.69%, and the compound annual growth rate (CAGR) over the past 5 years was 0.45%.
Looking forward, the forecasted data for 2024 onwards indicates continued growth, with projections reaching 191 thousand metric tons by 2028. The forecasted 5-year CAGR is 0.97%, and the overall growth rate for this period is expected to be 4.95%.
Future trends to watch for:
- Continued moderate growth in cottonseed feed demand.
- Potential impacts from agricultural policies and economic conditions in Turkey.
- Technological advancements and innovations in feed production and distribution.
