In 2023, China led global cottonseed imports with a volume of 179.0 thousand metric tons, followed by Mexico and South Korea. China saw a significant increase of 8.88% in 2023, indicative of growing demand or strategic stockpiling. Mexico increased modestly by 3.39%. South Korea, Japan, and Italy experienced declines, with South Korea decreasing by 1.33%. The African markets of Mali and Burkina Faso showed stability or slight growth in imports. Small players like Cyprus, Azerbaijan, and Tajikistan marked notable increases, reflective of developing import needs.
Future Trends to Watch:
- Continued growth in Asian markets focused on livestock feed enhancement and oil extraction.
- Potential fluctuations in response to global agricultural policy shifts or climatic impacts affecting production.
- Emergence of new importers driven by feed industry advancements.
Top countries in Cottonseed Import Volume by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 179 | 2023 | +3.47% | +8.88% | View data |
| 2 | 2 Mexico | 163 | 2023 | +2.52% | +3.39% | View data |
| 3 | 3 South Korea | 144 | 2023 | -1.37% | -1.33% | View data |
| 4 | 4 Mali | 110 | 2023 | 0% | 0% | View data |
| 5 | 5 Saudi Arabia | 104 | 2023 | 0% | 0% | View data |
| 6 | 6 Japan | 98 | 2023 | -1.01% | -0.99% | View data |
| 7 | 7 Italy | 96 | 2023 | -3.03% | -4.04% | View data |
| 8 | 8 Burkina Faso | 76 | 2023 | +5.56% | +2.25% | View data |
| 9 | 9 Spain | 11 | 2023 | -15.38% | -8.34% | View data |
| 10 | 10 South Africa | 10 | 2023 | -9.09% | -8.97% | View data |
