Australia's cotton supply is forecasted to grow modestly from 2024 through 2028. The cotton supply stood at approximately 9.88 million units (480 lb. Bales) in 2023, showing a stable year-on-year increase.
- From 2024 to 2025, the supply is expected to increase by approximately 0.20%.
- From 2025 to 2026, the increase is projected at around 0.11%.
- From 2026 to 2027, growth further accelerates slightly by around 0.20%.
- Finally, from 2027 to 2028, an almost similar increase at 0.10% is anticipated.
The Compound Annual Growth Rate (CAGR) over the forecasted period (2024-2028) reflects a subtle upward trend, averaging approximately 0.17% per year.
Future trends to watch for include potential impacts of climate change on crop yields, shifting global demand for cotton, fluctuations in agricultural policy, and advancements in cotton farming technology that could affect both production efficiency and overall supply.
