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Guyanese imports of wool are set to decline by 2.3% per year on average up to 2026. In 2021, Guyana was ranked 128th in terms of wool imports, with Saint Lucia overtaking at $7,410. It was an improvement from 2018, when the country was 110th, with Aruba surpassing at $7. The top three importers of wool were China, Italy and Germany.
Guyana Wool Market Data and Forecasts
How much will Guyana Wool Market grow to 2026?More in Wool Industry for 2027
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Increases in construction activity and global urbanization are fueling demand for mineral wool insulation. This is largely due to the essential properties of mineral wool, including its excellent heat insulation, soundproofing capabilities, and crucially, its fire resistance capabilities. These qualities make it a favored choice in building construction, particularly in...Read more