Key Market Indicators
Australian cotton imports are forecast to drop by 15% over the next five years, from $44.1 million in 2021 to $17.7 million by 2026. Since 1993, imports have declined at a rate of 7.4% annually. Australian cotton production is predicted to increase 1.6% each year, from $1.44 billion in 2021 to $1.58 billion by 2026. Since 1966, output has grown 2.7% annually. In 2021, Australia was the world's seventh largest cotton producer, after Uzbekistan. China, the United States and Pakistan were the second, third and fourth largest producers respectively.
