Analyzing the forecast data for South Africa's cotton import from 2024 to 2028, the volume remains fairly stable at 69.0 thousand units (480 lb. Bales) from 2024 to 2027, with a slight decrease to 68.0 thousand units in 2028. Comparatively, the volume stood at 70.0 thousand units in 2023, demonstrating a minimal year-on-year change of -1.4% through 2024-2027 and -2.9% by 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) indicates a very slight but consistent downward trend in cotton import volumes at approximately -0.3% per year.
Future trends to watch for include potential fluctuations in global cotton prices, changes in domestic cotton production, and shifts in trade policies that could impact import volumes. Additionally, advancements in textile manufacturing and consumer demand for cotton products in South Africa will be crucial factors influencing import levels.