The cottonseed meal supply in Turkey experienced a consistent year-on-year increase from 2024 to 2028, with values rising progressively. In 2023, the supply stood at 719.0 thousand metric tons, serving as the baseline for the forecasts. The forecasted values for 2024 to 2028 indicate an overall growth trajectory, with an annual increase of approximately 1% per year. Specifically, the supply grows from 724.0 thousand metric tons in 2024 to 745.0 thousand metric tons in 2028.
Year-on-year variations demonstrate a steady growth pattern:
- 2024: +0.7%
- 2025: +0.7%
- 2026: +0.8%
- 2027: +0.7%
- 2028: +0.7%
The Compound Annual Growth Rate (CAGR), calculated over the five-year period from 2024 to 2028, reflects an average increase of about 0.7% per year. This consistent growth suggests a stable demand and supply scenario for cottonseed meal in Turkey.
Future trends to watch for include potential shifts in agricultural policies, climate impacts on cotton production, and market demands for alternative protein sources in livestock feed, which could influence the supply dynamics further.
