As of 2023, India's cottonseed meal imports were at a stable point. From 2024 onwards, the forecast predicts imports of 36.0 thousand metric tons for 2024 and 2025, followed by a slight increase to 37.0 in 2026 and 2027, reaching 38.0 by 2028. This predicts a gradual growth, with a year-on-year increase of 2.78% from 2026 to 2027 and 2.70% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is relatively modest, reflecting steady, incremental growth.
Future trends to watch include:
- Changes in domestic demand for cottonseed meal, particularly from the livestock and poultry sectors.
- Alterations in global cottonseed production, which could affect import volumes and pricing.
- India's agricultural policy adjustments or trade agreements that may impact import dynamics.