The demand for cottonseed in China has exhibited a declining trend from 2014 to 2023, with volumes dropping from 12.39 million metric tons to 9.36 million metric tons. Over the last two years, the year-on-year variation indicated a decline, with the most recent recorded at -1.71% for 2023. The compound annual growth rate (CAGR) for the past five years is -1.74%, further highlighting the consistent downward trend in cottonseed demand.
Looking ahead, the forecasted demand for cottonseed in China is expected to continue decreasing, with the value predicted to reach 8.51 million metric tons by 2028. The 5-year forecasted CAGR is -1.51%, indicating a further slow decline, leading to an overall decrease of 7.32% over the next five years.
Future Trends to Watch For:
- Continued shifts in agricultural practices and crop alternatives could influence cottonseed demand.
- Potential trade policies and import-export regulations may impact domestic demand.
- Technological advancements and increased efficiency in cottonseed utilization could alter demand dynamics.
