US cotton lint market set for steady growth through 2035

The US cotton lint market is projected to grow at a CAGR of +2.7 per cent in volume and +4.2 per cent in value from 2024 to 2035, reaching 9.9 million tons and $30.6 billion, respectively.

In 2024, cotton lint consumption increased 39 per cent to 7.4 million tons, breaking a two-year decline, while market value rose 18 per cent to $19.4 billion. Production also rebounded, increasing 20 per cent to 9.8 million tons, though still below the 2019 peak of 17 million tons. Yield rose 19 per cent to 3.4 tons per hectare, while harvested area remained stable at 2.9 million hectares. Imports skyrocketed by 118 per cent to 391 tons in 2024, with Germany and Egypt as key suppliers. Meanwhile, exports declined 14.3 per cent to 2.4 million tons, with China, Pakistan, and Vietnam as top buyers. Export value also dropped significantly to $4.9 billion.

With demand on the rise, the US cotton lint industry is set for gradual expansion, driven by stable production and increasing market value.