In 2023, Australia emerged as the dominant player in global cottonseed exports, significantly increasing its share by 166.06% year-on-year, reaching 62.65 thousand metric tons. The United States, despite being a major producer, saw a decline of 10.29% to 15.97 thousand metric tons. Notable increases also occurred in Kazakhstan and Argentina, with 27.23% and 23.87% growth respectively. Conversely, countries like Brazil and Benin experienced declines. Mexico and the Ivory Coast saw a complete export halt, illustrating the volatility in the market.
Future trends to watch include Australia's sustained dominance and potential recovery in the United States’ exports. Emerging exporters like Kazakhstan and Argentina might continue to expand their market presence, while geopolitical and climatic factors could further influence the global cottonseed export landscape. Additionally, technological advancements in agriculture and trade agreements could reshape export dynamics.
Top countries in Cottonseed Export Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Australia | 62.65 | 2023 | -20% | +166.06% | View data |
| 2 | 2 United States | 15.97 | 2023 | +21.43% | -10.29% | View data |
| 3 | 3 Benin | 4.31 | 2023 | +120% | -15.93% | View data |
| 4 | 4 Argentina | 2.74 | 2023 | +133.33% | +23.87% | View data |
| 5 | 5 Cameroon | 1.96 | 2023 | +25% | +9.34% | View data |
| 6 | 6 Brazil | 1.96 | 2023 | -16.67% | -13.95% | View data |
| 7 | 7 Azerbaijan | 1.8 | 2023 | -17.86% | View data | |
| 8 | 8 Burkina Faso | 1.72 | 2023 | 0% | +1.92% | View data |
| 9 | 9 Kazakhstan | 0.78 | 2023 | -54.55% | +27.23% | View data |
| 10 | 10 Mali | 0.78 | 2023 | 0% | 0% | View data |
