In 2023, Canada's domestic consumption of cotton was recorded at 2.0 thousand units. The forecast for subsequent years, from 2024 to 2028, remains steady at 2.0 thousand units per year, indicating no projected year-on-year growth or decline. This stability results in a compound annual growth rate (CAGR) of 0% across the five-year period.

Future trends to watch for include:

Potential impacts of climate change on global cotton supply which could indirectly affect Canadian consumption.
Technological advancements in textile industries that might reduce dependency on cotton.
Consumer preference shifts towards sustainable and alternative fibers.