From 2014 to 2023, there was notable variation in the US cottonseed processing volume. Values peaked in 2014 (1.46 million metric tons) and experienced fluctuations with a general downward trend, standing at 1.15 million metric tons in 2023. Significant yearly changes include a 23.82% decline in 2015, a 16.58% rise in 2016, and a 14.39% decrease in 2018. The average annual decrease over the last five years (2019-2023) was 0.67%. Forecast for 2024 and beyond suggests a continuation of this trend, with a 5-year CAGR predicting an average decline of 1.22% per year, leading to a 5.94% reduction by 2028 (1.06 million metric tons).
Future trends to watch for:
- Technological advancements in cottonseed processing that could improve efficiency
- Shifts in agricultural policies impacting cotton production and processing
- Market demand for cottonseed byproducts, such as oil and animal feed