Global Export of Felt of Wool or Fine Animal Hair, Not Impregnated, Coated, Covered or Laminated by Country

In 2023, China led the global export of felt of wool or fine animal hair, with significant gaps in volume compared to Germany and Portugal. Notably, Portugal and Thailand showed the strongest year-on-year growth rates, at 6.2% and 10.12% respectively. In contrast, major declines were observed in Croatia and the United Kingdom, with drops of 19.7% and 59.03%. Over a five-year period, the compound annual growth rates (CAGR) for these countries suggest varied dynamics, highlighting growth potential in emerging markets, while mature markets face stagnation or decline.

Future trends to watch include:

• China's continued dominance in the market, driven by production efficiencies and domestic resource availability.
• Potential growth in emerging markets like Portugal and Thailand, indicating expanding production capacity and market reach.
• Shifts in global trade policies that may impact the distribution and competitiveness of these exports, particularly between the European Union and North American markets.