In 2024, the global cottonseed meal domestic consumption sees India and China leading with 28.6 and 26.87 thousand metric tons respectively, while Brazil follows with 14.22. Both countries show a mixed trend; India increased by 1.65%, while China slightly decreased by 0.44% year-on-year. Brazil's consumption surged by 9.96%. Other notable changes include a sharp rise in Benin's consumption (11.38%) and a significant increase in Chad (44.96%). Contrarily, South Africa, Egypt, and Australia witnessed considerable declines, with Australia dropping the most by 29.87%.
Future trends to watch include the increasing consumption in emerging markets such as Chad and Azerbaijan, which could shift the balance of global demand. Conversely, consumption declines in traditionally strong markets like the United States and Pakistan may continue, reflecting changing agricultural practices and market conditions.
Top countries in Cottonseed Meal Domestic Consumption Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 28.6 | 2023 | -3.19% | +1.65% | View data |
| 2 | 2 China | 26.87 | 2023 | -8.74% | -0.44% | View data |
| 3 | 3 Brazil | 14.22 | 2023 | +25.32% | +9.96% | View data |
| 4 | 4 Pakistan | 7.99 | 2023 | +56.49% | -2.82% | View data |
| 5 | 5 Uzbekistan | 3.58 | 2023 | -6.09% | -1.25% | View data |
| 6 | 6 United States | 3.21 | 2023 | +1.47% | -3.45% | View data |
| 7 | 7 Mali | 1.09 | 2023 | +25.19% | -3.2% | View data |
| 8 | 8 Turkmenistan | 0.95 | 2023 | 0% | +0.14% | View data |
| 9 | 9 Benin | 0.64 | 2023 | +5.49% | +11.38% | View data |
| 10 | 10 Cameroon | 0.63 | 2023 | +11.76% | +2.49% | View data |
