The forecasted cotton supply in Vietnam indicates a consistent upward trend from 2024 to 2028, starting at 7.8 million units (480 lb. Bales) in 2024 and increasing to 7.99 million units by 2028. In comparison, the cotton supply was notably lower in 2023 at 7.75 million units. Over the last two years, the year-on-year changes have shown slight increments, with a 0.5% increase from 2023 to 2024 and a 0.51% rise from 2024 to 2025. The Compound Annual Growth Rate (CAGR) over the next five years is projected to be approximately 0.6% per annum.
Future trends to watch for include:
- Potential impacts of global trade policies and tariffs on cotton imports and exports.
- Technological advancements in cotton production and their adoption rates.
- Climate change effects on crop yield and quality.
- Shifts in demand from major textile producers and consumers.