Key Market Indicators
In 2021 Nicaragua was ranked number 109, with Luxembourg ahead at $1. Italy, Germany, and the UK were numbers 2, 3 and 4 in this ranking. Nicaragua's wool imports are projected to reach $93,640 by 2026. This is a 0.4% year-on-year decrease from 2021's figure of $96,020. Since 1998, the country has seen a 17.5% drop in demand annually. In 2021, Nicaragua was ranked 106th, with Luxembourg ahead at $96,020. Italy, Germany and the UK followed as numbers 2, 3 and 4 respectively. Meanwhile, Nicaragua's wool exports plunged 99.8% from $434 in 2016 to just $1 in 2017. In 2021, the country was 109th in the rankings, with Luxembourg again in the lead at $1. Italy, Germany and the UK were ranked 2nd, 3rd and 4th respectively.
