The cottonseed processing industry in Spain has experienced a downward trend over the past decade, starting with an actual production of 98.0 thousand metric tons in 2014 and declining to 67.0 thousand metric tons by 2023. The annual variations highlight this decline, with notable drops such as -13.27% in 2015 and -12.05% in 2018. Although there were brief upticks like a 5.88% increase in 2016, the overall trajectory has been negative. The Compound Annual Growth Rate (CAGR) over the last five years leading to 2023 is -1.7%, indicating a consistent decline.
Future projections suggest this pattern will continue, with an expected decline to 58.0 thousand metric tons by 2028. The forecasted five-year CAGR from 2024 to 2028 is -2.25%, with an overall expected growth rate of -10.77% over the same period.
Future trends to watch for:
- Potential alternative uses for cottonseed products
- Technological advancements in processing that could improve yields
- Changes in agricultural policies impacting cottonseed production
- Market demand fluctuations based on competitive oilseed products
