Over the period from 2014 to 2023, Malaysia's cottonseed import volume has shown significant fluctuations. The most notable decreases are seen in 2015 and 2016, with volumes dropping by 55.56% and 75%, respectively. However, the trend reversed in 2017, with a substantial 500% increase. Since 2019, the import volume has stabilized at 7,000 metric tons and has remained constant through 2023. The compound annual growth rate (CAGR) over the past five years is -2.64%, highlighting a general declining trend over the longer term, despite a recent plateau.
Future trends to watch for:
- With the forecast predicting a constant import volume of 7,000 metric tons through 2028, no major fluctuations are expected.
- Potential policy changes or shifts in domestic agricultural strategy could impact future import volumes.
- Global cottonseed market dynamics and possible trade agreements might also play significant roles.