In 2023, India's cotton exports stood at 2.17 million units (480 lb. Bales). Moving forward, the forecasts indicate a steady increase: 2.18 million units in 2024, 2.19 million units in 2025, 2.2 million units in 2026, 2.22 million units in 2027 and 2.23 million units in 2028. This shows a slight year-on-year growth rate of approximately 0.46% from 2024 to 2025, 0.46% from 2025 to 2026, 0.91% from 2026 to 2027 and 0.45% from 2027 to 2028. Over a five-year period, the compound annual growth rate (CAGR) of India's cotton exports is projected to be 0.55%.
Future trends to watch for include:
- Fluctuations in global cotton prices impacting export volumes.
- Changes in international trade policies and agreements.
- Impact of technological advancements in agriculture on cotton yield and quality.
- Shifts in consumer demand and industry trends towards sustainable and organic cotton.