Key Market Indicators
Import of cotton into Laos is projected to grow at an average rate of 2.5% each year, reaching $41 million by 2026. This comes after demand for cotton has grown 8.6% each year since 2015. Meanwhile, Lao cotton production has decreased by 13.7% since 2020, and has been falling at an average rate of 14.3% each year since 1966. Laos ranked 61st in this area in 2021, with Indonesia in 1st place at $809 thousand. China, the US, and Pakistan came 2nd, 3rd, and 4th respectively.
