Based on the forecasted data for the import of cotton to Sweden, the value is expected to decrease steadily from 2024 to 2028. In 2024, the import value is projected to be 23.644 million USD, which drops to 20.294 million USD in 2025, 17.011 million USD in 2026, 13.794 million USD in 2027, and 10.641 million USD in 2028. For context, the value in 2023 stood at 27.435 million USD. This data shows year-on-year variations indicating a clear declining trend.
Year-on-Year Variations:
- 2023 to 2024: The import value decreased by approximately 13.8%.
- 2024 to 2025: The import value is projected to decrease by roughly 14.2%.
- 2025 to 2026: The import value is projected to decrease by approximately 16.2%.
- 2026 to 2027: The import value is expected to decrease by around 18.9%.
- 2027 to 2028: The import value is forecasted to decrease by about 22.8%.
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is indicative of a steady annual decline.
Future trends to watch for include potential shifts in global cotton supply and demand, changes in trade policies, and the impact of sustainable practices and innovations in textile manufacturing, which could influence the import needs of cotton in Sweden.