China remains the largest consumer of domestic cotton, holding a significant 32.61% share, although its consumption did not change year-on-year. India follows with a 20.87% share but saw a slight decrease of 0.25%. Pakistan and Bangladesh rank third and fourth, with shares of 8.7% and 6.7%, respectively, with Bangladesh showing a notable increase of 1.35%. Other countries such as Uzbekistan and Iran show high increases of 9.31% and 8.13%, respectively. The United States saw a significant decrease of 7.6%, while Indonesia's consumption shares declined by 6.93%. Overall, developed nations exhibit diverse trends, with some seeing declines and a few experiencing minor increases.
Future trends to watch in global cotton domestic consumption include the potential for steady growth in emerging economies like Uzbekistan and Iran. Additionally, markets like Honduras and Nicaragua may show increased consumption based on their recent year-on-year growth. The possible decline in countries like the United States and several developed nations could continue, influenced by market shifts and economic factors.
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 32.61 | 2023 | -100% | View data | |
| 2 | 2 India | 20.87 | 2023 | +2.13% | -0.25% | View data |
| 3 | 3 Pakistan | 8.7 | 2023 | +14.94% | -1.34% | View data |
| 4 | 4 Bangladesh | 6.7 | 2023 | +8.45% | +1.35% | View data |
| 5 | 5 Vietnam | 5.83 | 2023 | +3.88% | -0.87% | View data |
| 6 | 6 Brazil | 2.87 | 2023 | +3.13% | -0.6% | View data |
| 7 | 7 Uzbekistan | 2.78 | 2023 | +10.34% | +9.31% | View data |
| 8 | 8 Indonesia | 1.91 | 2023 | +25.71% | -6.93% | View data |
| 9 | 9 United States | 1.69 | 2023 | +29.32% | -7.6% | View data |
| 10 | 10 Mexico | 1.48 | 2023 | -2.86% | -3.2% | View data |
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