Key Market Indicators
Mexico is expected to see a significant decrease in its wool exports by 2026, with the figure dropping from $14.6 million in 2021 to $4.7 million. This represents an 18.3% year-on-year CAGR decrease since 1995. In 2021, Mexico was ranked 45th in terms of exports, with Canada taking the lead at $14.6 million. China, Italy and Germany made up the top four. When it comes to imports, Mexico is also due to see a decrease, with the figure dropping from $37.6 million in 2021 to $15.5 million by 2026. This is a 14.6% average year-on-year decrease since 1995. Peru was the biggest importer in 2021 at $37.6 million, followed by Italy, Germany and the UK.
