The cottonseed demand in Chile stood at 5.0 Thousand Metric Tons in 2023. The past decade has seen significant fluctuations, with a peak demand of 7.0 Thousand Metric Tons in 2014 and a notable dip to 4.0 Thousand Metric Tons in 2015. Since then, the demand has shown some volatility but generally trended downward, especially from 2020 onwards. The past two years (2022 and 2023) remained stable at 5.0 Thousand Metric Tons with no year-on-year variation.
The Compound Annual Growth Rate (CAGR) over the last five years leading up to 2023 stands at -3.58%, indicating a consistent decline in demand during this period. The forecast data suggest a continuation of this downward trend, albeit at a slightly slower CAGR of -1.73%, reaching 4.46 Thousand Metric Tons by 2028. This indicates an 8.37% decline over the next five years.
Future Trends to Watch For:
▪ Climate change and its impact on cotton cultivation.
▪ Technological advancements in agriculture that may affect yield and demand.
▪ Changes in global trade policies and their implications on import-export dynamics.
▪ Shifts in domestic industrial usage and consumer preference affecting raw material requirements.
