In 2023, Thailand's cotton domestic consumption stood at 670.0 thousand units. The forecasted data show a declining trend in cotton consumption from 2024 to 2028, dropping from 617.0 to 407.0 thousand units, respectively. Year-on-year, the variations display a continuous decline: from 2024 to 2025 by 8.6%, from 2025 to 2026 by 9.4%, from 2026 to 2027 by 10.2%, and from 2027 to 2028 by 11.3%. The five-year Compound Annual Growth Rate (CAGR) indicates an average annual decrease of approximately 11.8%.
Future trends to watch for include shifts in global cotton prices, advancements in synthetic textile alternatives, changes in consumer preferences towards sustainable materials, and impacts of trade policies on the import and export activities of cotton within Thailand. Monitoring these factors will be essential for predicting further consumption patterns and advising industry stakeholders.
