In 2023, India's cotton domestic consumption stood at 24.25 million units (480 lb. Bales). The forecasted data for the years 2024 through 2028 show a gradual increase in consumption:
- 2024: 24.49 million units
- 2025: 24.73 million units
- 2026: 24.96 million units
- 2027: 25.19 million units
- 2028: 25.42 million units
Year-on-year variation:
- From 2023 to 2024: 0.99%
- From 2024 to 2025: 0.98%
- From 2025 to 2026: 0.93%
- From 2026 to 2027: 0.92%
- From 2027 to 2028: 0.91%
The last five-year CAGR shows an average annual increase of approximately 0.95% in cotton domestic consumption.
Future trends to watch for include technological advancements in cotton farming, policy changes related to agriculture and textile industries, and shifts in global cotton demand and supply dynamics that might impact India's consumption patterns.
