The demand for cottonseed in Spain remained relatively stable from 2014 to 2017, averaging around 104.5 Thousand Metric Tons. However, starting in 2018, there was a noticeable decline, with demand fluctuating between 96 and 98 Thousand Metric Tons from 2018 to 2023. By 2023, the demand stood at 96 Thousand Metric Tons, showing no year-on-year variation compared to 2022. The compound annual growth rate (CAGR) over the last five years (2019-2023) was flat at 0%.
Future projections suggest a continued slight decline, with the forecast showing a reduction to 93 Thousand Metric Tons by 2028. The forecasted CAGR over the next five years (2024-2028) is expected to be around -0.42%. The overall growth rate for this period is estimated to drop by about 2.11%.
Future trends to monitor include potential changes in agricultural policy, shifts in demand for alternative oilseeds, and environmental factors impacting cottonseed production. Technological advancements in farming and crop management could also play a significant role in influencing future demand.
