In 2023, Canada's cottonseed import volume stood at 8.0 thousand metric tons. For 2024 and 2025, forecasts indicate a stable import volume of 9.0 thousand metric tons, followed by an increase to 10.0 thousand metric tons for the years 2026 through 2028. Compared to 2023, there is a notable increase of 12.5% into 2024. The compound annual growth rate (CAGR) over the five-year forecast is anticipated to be approximately 4.6%.
Future trends to watch for include:
- Potential changes in global cottonseed supply due to climate conditions affecting production.
- Variation in domestic demand linked to the Canadian oilseed market dynamics.
- Trade policies and agreements affecting the import of agricultural commodities into Canada.
