Germany's import of cotton has experienced a declining trend over the past decade, starting from 1.2382 billion USD in 2013 and dropping to 0.78747 billion USD in 2023. The year-on-year percentage variations show consistent declines, with the largest drop observed in 2015 at -20.2%. Over the last two years, the import value saw a decline of -3.27% in 2022 and -3.31% in 2023. The Compound Annual Growth Rate (CAGR) for the past five years averages -3.3%.
The forecast for the next five years predicts a continuation of this declining trend, with an expected decline rate of -3.12% per year, leading to a 14.67% overall drop by 2028.
Future trends to watch for:
- Global market fluctuations in cotton prices
- Shifts in Germany's domestic textile industry
- Impacts of sustainability initiatives on sourcing and imports