The import of greasy wool other than shorn to India stood at 33.4 million kilograms in 2023. Forecasts from 2024 to 2028 indicate a gradual decline. From 2023 to 2024, the volume remains constant at 33.4 million kilograms. By 2028, imports are expected to decrease to 32.236 million kilograms. Year-on-year variations show a decline of roughly 0.9% yearly from 2024 to 2028. The five-year compound annual growth rate (CAGR) suggests a consistent average annual decrease.
Future trends to watch for:
- Global wool supply fluctuations due to environmental changes affecting production.
- Domestic policies impacting the import of greasy wool.
- Shifts in textile industry demands and technological advancements improving wool processing efficiency.