The domestic consumption of cotton in the Philippines is forecasted to decline from 38.0 thousand units in 2024 to 32.0 thousand units by 2028. Comparing the forecasted data to the actual figures from previous years, we observe a continual downward trend. The year-on-year variation shows a consistent decline: -2.63% from 2024 to 2025, -5.41% from 2025 to 2026, -2.86% from 2026 to 2027, and -5.88% from 2027 to 2028.

Over the five-year forecast period, the compound annual growth rate (CAGR) is approximately -4.37%, indicating a significant reduction on an annual basis.

Future trends to watch for include:

Shifts in global cotton prices which may impact domestic consumption patterns.
Changes in the textile and garment industry demand within the Philippines.
Potential increases in substitute materials usage which might further reduce cotton consumption.