The import of cotton yarn put up for retail sale to Denmark showed a varied trajectory over the past years. In 2023, the value stood at USD 6.4414 million, with a minimal year-on-year increase of 1.63%. Analyzing the broader period from 2013 to 2023, the growth experienced significant fluctuations, including notable peaks in 2017 and declines in 2019. The latest five-year CAGR stood at -2.03%, indicting a slight overall contraction in recent years. However, the forecasted CAGR for 2024-2028 suggests a moderate growth rate of 1.27%, projecting the import value to reach USD 6.9817 million by 2028.
Future trends to watch for:
- Potential impact of global trade policies on cotton yarn imports.
- Shifts in consumer demand for cotton-based products in Denmark.
- Technological advancements in textile manufacturing and its influence on import patterns.
- Economic factors such as inflation and currency exchange rates affecting import costs.