The forecast for domestic cottonseed consumption in the US indicates a steady increase from 2024 to 2028. With the 2023 value standing at 3.92 million metric tons, the projected figures show minimal annual increases: from 3.93 million metric tons in 2024 and 2025, to 3.94 million metric tons in 2026, 3.95 million metric tons in 2027, and 3.96 million metric tons in 2028. The year-on-year variations are as follows:
- 2023 to 2024: +0.26%
- 2024 to 2025: 0.00%
- 2025 to 2026: +0.25%
- 2026 to 2027: +0.25%
- 2027 to 2028: +0.25%
The last two years show a consistent rise of 0.25% annually, and the Compound Annual Growth Rate (CAGR) over the next five years is projected to be approximately 0.25%. Looking ahead, it will be crucial to monitor factors such as market demands, agricultural trends, and possible policy changes that could impact consumption rates. Additionally, advancements in biotechnology and sustainable farming practices could influence future consumption patterns.
