The forecasted data for the cottonseed supply in South Korea shows a steady upward trend from 165.0 thousand metric tons in 2024 to 174.0 thousand metric tons in 2028. Comparing the 2024 forecast value to the actual supply of 163.0 thousand metric tons in 2023, there's an increase noted. The year-on-year growth in 2025 is approximately 1.2%, 2026 shows a 1.8% increase, 2027 indicates a 1.2% rise, and 2028 also reflects a 1.2% increase. Over the last five years, the compound annual growth rate (CAGR) is around 1.7%.
Future trends to watch for include potential impacts of climate change on cotton production, advances in agricultural technology, and shifts in global economic conditions that may influence supply chains and market demand for cottonseed in South Korea.
