From 2013 to 2023, there has been a steady decline in Italy's cotton imports, from 1.5794 billion USD to 0.94446 billion USD in 2023, indicating a yearly negative trend. The year-on-year variation for 2022 and 2023 were -4.19% and -4.29% respectively. The last 5-years' CAGR stands at -3.97%, reflecting a consistent downward trend.
Future trends to watch for include:
- The forecast indicates a continued decrease in cotton imports, with a forecasted value of 0.72331 billion USD by 2028.
- A 5-year CAGR of -4.23% suggests this decline will persist.
- Global shifts in cotton production and demand as well as changes in the textile and apparel industries could further influence Italy's import patterns.