Key Market Indicators
Barbadian wool imports are set to decline by 6.4% annually over the next five years. In 2021, the country imported $12.6 million worth of wool, coming in at 121st in the global ranking. Benin was the country with the highest imports, at $18.5 million, followed by Italy, Germany, and the United Kingdom. Since 2002, Barbadian demand has seen a 3.7% decrease year-on-year.
Barbados Wool Market Data and Forecasts
How much will Barbados Wool Market grow to 2026?More in Wool Industry for 2027
Improve your Knowledge with the latest Indicators and Trends
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