The forecast of raw silk imports to Germany reveals a consistent decline from 2024 to 2028, starting at $3.2654 million and decreasing to $2.1067 million. This indicates a year-on-year decrease, which translates into a Compound Annual Growth Rate (CAGR) over the five-year forecast period. In 2023, the value stood notably higher, showing a clear downward trend. This reflects diminishing demand or shifts in supply chain dynamics.
Future trends to watch include:
- The impact of potential trade agreements or tariffs on raw silk imports.
- Shifts in consumer preferences towards alternative materials.
- Germany's strategic economic response to maintain industry competitiveness.
