The forecast for the import of silk-worm cocoons suitable for reeling to Italy shows a declining trend from 2024 to 2028, starting at $2.61 thousand in 2024 and decreasing each subsequent year to $2.12 thousand by 2028. In 2023, the actual import value was $2.73 thousand, indicating a decrease starting in 2024. The year-on-year variation shows a consistent decline of around 5% annually over the forecasted period, pointing to a negative growth pattern.
Future trends to watch for:
- Potential impact of economic factors on silk demand and import volumes.
- Changes in global silk production and shifts in trading patterns that might affect supply.
- Technological advancements in textile production, possibly reducing reliance on traditional silk sources.
- Environmental policies and sustainability concerns potentially affecting silk cultivation and trade.