The forecast for cotton domestic consumption in China from 2024 to 2028 shows a steady increase from 37.94 million units in 2024 to 39.63 million units by 2028. The year-on-year growth indicates an average annual increase of around 1.05% per year from 2024 to 2028. In 2023, the domestic consumption stood at approximately 37.50 million units. The compounded annual growth rate (CAGR) over this five-year period is approximately 1.10%, suggesting stable but modest growth in demand for cotton within China.
Future trends to watch include the impact of China's economic policies on the textile industry, the influence of global trade agreements, and potential shifts in consumer demand influenced by sustainability trends. Monitoring these factors could provide insights into more significant changes in consumption patterns beyond 2028.
