In 2023, Mexico and South Africa tied as the top importers of cottonseed meal, each importing 40 thousand metric tons. India's imports increased by 3.13% from the previous year, aligning with its growing demand. Mali and Tajikistan showed remarkable growth rates of 17.84% and 17.32% respectively. In contrast, Iran and South Korea saw significant declines. China's import slightly decreased, reflecting cautious purchasing amidst fluctuating demand. Smaller importers like Egypt, Japan, New Zealand, Brazil, and Kyrgyzstan maintained consistent import levels.
Future trends to watch include increased demand from African nations, driven by agricultural expansion, and potential instability in traditional markets due to geopolitical factors affecting trade routes. Emerging markets may develop as alternative importers in response to global agricultural shifts. Monitoring policy changes and trade agreements will be crucial for understanding the dynamics of the global cottonseed meal imports.
Top countries in Cottonseed Meal Import by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 40 | 2023 | +100% | -13.99% | View data |
| 2 | 2 South Africa | 40 | 2023 | +14.29% | -6.84% | View data |
| 3 | 3 India | 35 | 2023 | 0% | +3.13% | View data |
| 4 | 4 Syria | 25 | 2023 | 0% | -9.42% | View data |
| 5 | 5 Mali | 25 | 2023 | -16.67% | +17.84% | View data |
| 6 | 6 Uzbekistan | 20 | 2023 | -33.33% | +9% | View data |
| 7 | 7 China | 20 | 2023 | +11.11% | -4.36% | View data |
| 8 | 8 Tajikistan | 20 | 2023 | +33.33% | +17.32% | View data |
| 9 | 9 Iran | 15 | 2023 | 0% | -13.51% | View data |
| 10 | 10 Burkina Faso | 10 | 2023 | +100% | +2.13% | View data |
