The forecast for cotton supply in Spain indicates a declining trend from 2024 to 2028. In 2023, the supply stood at 170.0 thousand units (480 lb. Bales). From 2024 onwards, the supply is expected to decrease year-on-year by 3.05% to 164.0 thousand units in 2024, 3.05% to 159.0 thousand units in 2025, 3.14% to 154.0 thousand units in 2026, 3.89% to 148.0 thousand units in 2027, and 3.38% to 143.0 thousand units in 2028. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately -3.45%.
Future trends to watch for include potential changes in agricultural practices, climate change impacts, and shifts in global cotton demand and prices. Additionally, developments in sustainable cotton production and technological advancements in farming could alter the forecasted supply dynamics.
