In 2023, the domestic consumption of cottonseed in Saudi Arabia stood at 140.0 thousand metric tons. Forecasted data shows a steady increase in consumption: 145.0 in 2024, 151.0 in 2025, 156.0 in 2026, 162.0 in 2027, and 167.0 in 2028, all figures in thousand metric tons. The year-on-year variation indicates an average annual growth rate (CAGR) of approximately 3.6% over the forecasted period.
Future trends to watch for:
- Potential shifts in agricultural policies and their impact on domestic cottonseed production and supply.
- Changes in global cottonseed prices and how they influence domestic consumption.
- Technological advancements in agriculture potentially driving increased efficiency and yield.
- Environmental factors, such as climate change, that could affect both production and consumption patterns.