The data indicates a consistent decline in the US cottonseed oil supply from 2024 to 2028. In 2023, the actual supply was at [value for 2023]. Forecasted data shows a year-on-year decrease of about 3.05% from 2024 to 2025, 3.66% from 2025 to 2026, approximately 3.80% from 2026 to 2027, and 3.39% from 2027 to 2028. Over the last five years, the compound annual growth rate (CAGR) is approximately -2.74%.
Future trends to watch for:
- Potential impact of climate change on cotton production
- Shifts in agricultural policies and subsidies
- Technological advancements in agriculture and oil extraction processes
- Economic factors affecting both domestic and global demand for cottonseed oil
