Key Market Indicators
Thai cotton import is predicted to dip by 1% year on year from 2021 to 2026. In 2021, the country imported $798.2 million worth of cotton. This figure is expected to decrease by the end of the forecast period, reaching around $753.3 million. From 1993 to 2021, Thai demand for cotton rose by 1.5% year on year. Meanwhile, Thai cotton production is projected to drop by 27.8% in 2021 compared to 2020. In 2021, it's expected to reach $979.11 thousand PPP. Compared to 1966, this figure is 22.8% lower. By 2021, Thailand is ranked 58th in cotton production, with Ecuador leading the ranking with $979.11 thousand PPP. China, the US and Pakistan follow in second, third and fourth place, respectively.
