In 2023, Australia’s cottonseed domestic consumption stood at 780.0 Thousand Metric Tons. Forecasted data from 2024 to 2028 indicates a steady increase, with projections of 782.0, 784.0, 787.0, 789.0, and 791.0 thousand metric tons respectively. The year-on-year variation reflects minor increments, maintaining an average growth of approximately 0.25% per year. This consistent growth, calculated as a Compound Annual Growth Rate (CAGR) of 0.28% from 2023-2028, implies a stable demand trajectory.
Future trends to watch for include potential changes in agricultural policies, climate impact on domestic production, and shifts in the global cottonseed market which could influence Australia's domestic consumption patterns.
