In 2023, China and the United States witnessed substantial growth in cottonseed imports, with China capturing 42.19 thousand metric tons and the U.S. showing a remarkable 114.11% increase. South Korea, Saudi Arabia, and Japan also observed modest growth. Conversely, West African nations like Burkina Faso and Mali, along with Mexico, saw significant declines. Other countries remained stable with minimal fluctuations. Over the last five years, the compound annual growth rate indicates volatility influenced by both macroeconomic conditions and agricultural policy changes.
Future trends to watch include China's continued dominance in the cottonseed market and potential shifts in demand due to changing agricultural practices and trade policies. Monitoring technological advancements in cottonseed processing and sustainability trends will also be essential for understanding future import dynamics.
Top countries in Cottonseed Import Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 42.19 | 2023 | -24.81% | +114.54% | View data |
| 2 | 2 South Korea | 13.92 | 2023 | +17.86% | +1.92% | View data |
| 3 | 3 Saudi Arabia | 10.13 | 2023 | -31.43% | +2.13% | View data |
| 4 | 4 Japan | 8.44 | 2023 | +7.53% | +1.03% | View data |
| 5 | 5 Burkina Faso | 5.91 | 2023 | +27.27% | -4.26% | View data |
| 6 | 6 Mali | 5.49 | 2023 | +8.33% | -15.51% | View data |
| 7 | 7 Mexico | 5.06 | 2023 | +566.67% | -10.07% | View data |
| 8 | 8 United States | 3.8 | 2023 | -51.09% | +114.11% | View data |
| 9 | 9 South Africa | 1.27 | 2023 | +25% | -1.28% | View data |
| 10 | 10 Kyrgyzstan | 0.76 | 2023 | +12.5% | View data |
