Key Market Indicators
Spain's cotton imports are projected to drop by 1.6% year on year, from an estimated $461.5 million in 2021 to $421 million in 2026. This would mark a reversal of the trend since 1994, when imports decreased by an average of 2.4% each year. Meanwhile, cotton production in Spain is expected to grow by 1% year on year, from an estimated $114.3 million in 2021 to $121.6 million in 2026. This would be an increase from the average annual growth rate of 1.3% since 1966. In 2021, Spain ranked 22nd internationally for production, with Tanzania leading the pack at $114.3 million. China, the United States and Pakistan followed in second, third and fourth place, respectively.