Global trends in fibre prices, production and consumption

Global trends in fibre prices, production and consumption

This report provides a comprehensive analysis of trends in natural fibre production and man-made fibre production by fibre type. In addition, it provides forecasts of cotton fibre demand, supply and prices for the 2023/24 season (August 1, 2023-July 31, 2024), and man-made fibre production forecasts to 2030. World production of man-made fibres rose in 2022 and so did production of natural fibres—due mainly to an increase in the production of cotton. Looking ahead, man-made fibre production is forecast to rise between 2022 and 2030 and it is expected to account for almost 75% of global fibre production in 2030. Also, global consumption of cotton fibre is expected to rise in 2023/24 alone, reflecting an improvement in the global economy. At the same time, it is predicted that production of cotton fibre will fall but it will remain higher than consumption and therefore the stock level will rise. As a result, there is unlikely to be any upward pressure on prices.