In 2023, the cotton supply in Thailand stood at 800.0 thousand units (480 lb. Bales). The forecasted data from 2024 to 2028 suggests a consistent decline in the cotton supply: 760.0 thousand units for 2024, 718.0 for 2025, 680.0 for 2026, 645.0 for 2027, and 613.0 for 2028. This represents a year-on-year percentage decrease of approximately 5.0% from 2023 to 2024, 5.5% from 2024 to 2025, 5.3% from 2025 to 2026, 5.1% from 2026 to 2027, and 5.0% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated to show a negative trend averaging -4.87% per year.
Future trends to watch include potential impacts of climate change on cultivation capacity, shifts in global cotton demand, and advancements in agricultural technology that may influence production efficiency and yield. Agricultural policy changes both locally and internationally could also play significant roles in shaping the future supply of cotton in Thailand.
