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Cotton consumption and price (outline page 24): in 2020 the average cotton fiber price in was $ per pound, and the world cotton consumption total was million bales which translates into world cotton market value of about billion. From the total cotton consumption and total population, we can calculate the world per capita cotton consumption averaged pounds; which is much lower than the average US per capita cotton consumption of pounds. In 2022 however, cotton prices has increased to $ per pound (use dollar as unit) which can increase cost for all other products including yarn, fabric and cotton apparel