In 2023, the cotton supply in the Philippines stood at 50.0 thousand units (480 lb. bales). The forecasted data from 2024 to 2028 indicates a gradual decline in supply each year, with values decreasing from 48.0 thousand units in 2024 to 45.0 thousand units in 2028. The year-on-year percentage variation shows a steady decrease, with an approximate annual decline rate of 2.08% over the forecasted years. The compounded annual growth rate (CAGR) for the period from 2023 to 2028 suggests an average annual decline of around 2.06%.
Future trends to watch for include potential changes in agricultural policies, climate conditions affecting cotton production, and market dynamics influencing supply and demand. Keeping an eye on international cotton prices and domestic industrial demand will also be crucial in anticipating further adjustments in the cotton supply.
