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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Africa Cotton Market Size
The Africa cotton market stood at a value of around USD 6.33 billion in 2023. The market is projected to grow at a CAGR of 3.6% between 2024 and 2032 to reach a value of around USD 8.71 billion by 2032.
Africa Cotton Market Outlook
- Cotton production in the African Franc Zone has experienced a significant upward trend from 2010/11 to 2021/22, with notable peaks in 2014/15 at 5,914 thousand bales and a near-record production of 5,855 thousand bales in 2021/22.
- As per the USDA, Mali leads cotton production in the African Franc Zone with 1,475 thousand bales from 795 thousand hectares. Benin follows with 1,300 thousand bales, Côte d'Ivoire with 1,050 thousand bales, and Burkina Faso with 950 thousand bales. These four countries dominate the region's output.
- Region’s smaller producers include Cameroon (600 thousand bales), Chad (280 thousand bales), and Togo (125 thousand bales).
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 6.33 billion.
The Africa cotton market is expected to grow at a CAGR of 3.6% between 2024 and 2032.
The cotton market in Africa is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 8.71 billion by 2032.
The growing expansion of the textile sector in Africa, a strong presence of small-scale cotton farmers across Sub-Saharan Africa, and the rising demand for cotton fibres are the major drivers of the market.
Key trends aiding the market expansion include the increasing demand for sustainably produced cotton and favourable government measures to boost region’s cotton production.
Organic and conventional are the different types of cotton.
Cotton fibre, cottonseed, and cottonseed oil are the major applications of cotton.
Key players in the market are China-Africa Cotton Development Limited, Olam Agri Holdings Pte Ltd, JMV Textiles (Pty) Ltd., Standerton Mills, Cottco (Pvt) Ltd., Ivoire Coton, Compagnie Malienne pour le Développement des Textiles (CMDT), and others.
The growth of the textile and apparel industry supports the demand for cotton, which is used to make high-quality clothing items and fashion products.
Limited access to technology, low agricultural productivity, and lack of advanced infrastructure are the key challenges faced by the cotton industry.
South Africa, Egypt, Nigeria, and Algeria, among others are the significant African markets for cotton.
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