In 2023, China remained the dominant consumer of cotton, accounting for 32.52% of global consumption, followed by India at 20.81%. Bangladesh witnessed the most significant upward trend at 1.35%, while Indonesia and the United States saw notable declines of 6.93% and 7.18%, respectively. Several countries such as Uzbekistan and Iran experienced substantial increases in consumption, attributed to an emerging textile industry and improved economic conditions.
Future trends to watch include emerging demand from African nations and technological advancements in textile manufacturing. Trade patterns may shift due to geopolitical factors, impacting strategies for both cotton producers and consumers worldwide.
Top countries in Cotton Consuption Share by Country (Thousand Units (480 lb. Bales))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 32.52 | 2023 | 0% | -1.03% | View data |
| 2 | 2 India | 20.81 | 2023 | +2.13% | -0.25% | View data |
| 3 | 3 Pakistan | 8.67 | 2023 | +14.94% | -1.34% | View data |
| 4 | 4 Bangladesh | 6.68 | 2023 | +8.45% | +1.35% | View data |
| 5 | 5 Vietnam | 5.81 | 2023 | +3.88% | -0.87% | View data |
| 6 | 6 Brazil | 2.86 | 2023 | +3.13% | -0.6% | View data |
| 7 | 7 Uzbekistan | 2.78 | 2023 | +10.34% | +9.31% | View data |
| 8 | 8 Indonesia | 1.91 | 2023 | +25.71% | -6.93% | View data |
| 9 | 9 United States | 1.78 | 2023 | 0% | -7.18% | View data |
| 10 | 10 Mexico | 1.47 | 2023 | -2.86% | -3.2% | View data |
