The demand for cottonseed in Australia has shown variable trends from 2014 to 2023. In 2023, the actual demand stood at 1.19 million metric tons, with a year-on-year growth of 1.8%. Historical data reveals fluctuations, notably a significant peak in 2018 and followed by smaller variations through the next years. However, in the recent five years, the growth has been relatively steady with a slight annual average decline of -0.13% CAGR.
Future Trends to Watch:
Projections indicate a moderate increase in cottonseed demand, with a forecasted 5-year CAGR of 1.25% and an overall growth rate of 6.39% by 2028. Key factors to monitor include climatic conditions, advancements in agricultural technology, and global market dynamics which may impact production and demand levels.
