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