The forecasted cotton export data for Indonesia from 2024 to 2028 shows a stable trend for the first three years at 5.0 thousand units, with a projected increase to 6.0 thousand units for 2027 and 2028. As of 2023, the actual cotton export stood at 5.0 thousand units.
Year-on-year, the variation is steady for 2024-2026 with no change, followed by a 20% increase in 2027, which remains stable in 2028.
The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is approximated to be 3.71%, indicating a modest but positive growth trend in Indonesia's cotton exports.
Future trends to watch for include potential shifts in global demand, changes in trade policies, and fluctuations in domestic production capabilities, which could impact export volumes. Additionally, sustainability initiatives and technological advancements in agriculture may also play a role in shaping future export trends.