The US cottonseed demand has displayed varied trends over the past decade. In 2023, cottonseed demand stood at 4.93 million metric tons. The initial period saw substantial fluctuations with a significant drop in 2015, followed by a robust recovery in 2016 and 2017. The demand stabilized post-2018 with modest year-on-year changes, reflecting a more steady growth pattern.
From 2019 to 2023, the average annual growth rate (CAGR) was 1.15%, indicating a slow but consistent increase in demand. Notably, the last two years (2022-2023) saw a minimal 0.49% year-on-year increase. Future projections up to 2028 suggest a continued gradual rise, with a forecasted 5-year CAGR of 0.36%, leading to a 1.82% growth rate over the period.
Future Trends to Watch for:
- The impact of agricultural advancements and seed technology on yield and quality.
- Environmental policies and their potential influence on cotton farming.
- Market shifts in the textile industry affecting cottonseed demand.
- Global economic conditions influencing trade dynamics and production costs.
