Germany's domestic cotton consumption stood at 75.0 thousand units in 2023. Forecasts for 2024 show a consumption of 60.0 thousand units, indicating a 20% decrease from the previous year. The downward trend continues, with 2025 forecasted at 50.0 thousand units, marking a 16.7% decline year-on-year, followed by 41.0 thousand units in 2026 (18.0% decrease), 32.0 thousand units in 2027 (22.0% decrease), and 24.0 thousand units in 2028 (25.0% decrease). The CAGR from 2024 to 2028 is approximately -19.3%.
Future trends to watch:
- Renewable and sustainable fabric innovations may impact cotton demand.
- Shifts in consumer preferences towards eco-friendly materials.
- Potential economic influences like changes in disposable income and fashion industry dynamics.
