Based on the provided forecast data, the cotton supply in the US is projected to gradually decline over the next five years from 17.15 million units in 2024 to 16.09 million units in 2028. By examining the year-on-year percentage variations, we see a consistent decrease in value:- -1.58% in 2025- -1.52% in 2026- -1.62% in 2027- -1.59% in 2028.
The average annual decline, or compound annual growth rate (CAGR), over the 2024-2028 period is approximately -1.58%. It is important to note that the cotton supply stood at 17.45 million units in 2023, indicating a consistent downward trend.
Future trends to watch for include potential impacts of climate change, technological advancements in farming, policy changes affecting agriculture, and shifts in global demand for cotton. Monitoring these factors will be crucial for understanding any deviations from the forecasted supply trends.
