The output of sheep wool from state farms in China has shown variability over the past decade. From 2013 to 2017, the production generally increased, peaking in 2017 at 34.36 thousand metric tons. However, a noticeable decline followed from 2018 through 2021, with a gradual downtrend to 30.79 thousand metric tons in 2021. The output slightly recovered in 2022 and 2023, reaching 31.48 thousand metric tons in 2023.
Year-on-year variations for the last two years (2022 and 2023) indicate positive growth at 1.43% and 0.83%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) is -0.21%, reflecting the modest recovery after the preceding decline.
The forecast from 2024 to 2028 projects a gradual increase in production, with a 5-year forecast CAGR of 0.62%, reaching an estimated 32.73 thousand metric tons by 2028. The anticipated 5-year growth rate is 3.11%, signaling a slow but positive recovery trend.
Future Trends to Watch For:
- Technological advancements and their impact on wool production efficiency.
- Government policies influencing agriculture and livestock sectors.
- Global demand shifts for natural fibers versus synthetic alternatives.
- The role of sustainable practices in the wool industry.
