The domestic consumption of cotton in Italy, expressed in thousand units (480 lb. Bales), stood at 136.0 in 2023. Forecasted values indicate a steady increase over the next five years: 137.0 in 2024, 138.0 in 2025, 140.0 in 2026, 141.0 in 2027, and 143.0 in 2028.
Year-over-year variations from 2024 to 2028 are as follows:
- 2024: 0.73%
- 2025: 0.73%
- 2026: 1.45%
- 2027: 0.71%
- 2028: 1.42%
The Compound Annual Growth Rate (CAGR) over the period from 2024 to 2028 is approximately 1.01%.
Future trends to watch for:
- Global economic conditions influencing consumer demand for cotton-based products.
- Technological advancements and efficiency improvements in cotton production and supply chain.
- Potential impacts of sustainability trends on cotton consumption and alternatives usage.