The production of cottonseed meal in Nigeria is forecasted to remain stable at 58.0 thousand metric tons for the years 2024 and 2025. A slight increase to 59.0 thousand metric tons is expected for 2026 and 2027, followed by another modest rise to 60.0 thousand metric tons in 2028. As of 2023, the production stood at 57.0 thousand metric tons, indicating a marginal upward trend over the forecast period.
Year-on-year variation:- 2024 vs 2023: +1.75%- 2025 vs 2024: 0.00%- 2026 vs 2025: +1.72%- 2027 vs 2026: 0.00%- 2028 vs 2027: +1.69%CAGR over the last five years is +1.23%.
Future trends to watch for:
Market analysts should monitor climatic conditions impacting cotton production, developments in agricultural technology, policy changes, and global trade dynamics, as these factors could significantly influence cottonseed meal production in Nigeria over the coming years.
