The import volume of cottonseed in Italy has displayed a declining trend over the past decade. In 2023, the volume stood at 96 thousand metric tons, continuing a downward trajectory with a year-on-year variation of -3.03%. The compound annual growth rate (CAGR) over the last 5 years stands at -4.04%. Notably, there were periods of sporadic growth such as in 2018, with a 16.83% increase over the previous year, but they have been exceptions in the general declining pattern.
Looking ahead, forecasts indicate a continuing decline in cottonseed imports with an expected volume of 80 thousand metric tons by 2028. The forecasted 5-year CAGR is -2.97%, resulting in an overall decrease of 13.98%. Key trends to watch include potential changes in agricultural policies, shifts in global trade relations, and advancements in domestic alternatives to cottonseed, which could influence these projections.
