Forecast: Import of Yarn of Wool or of Fine Animal Hair to Italy

The import of yarn of wool or fine animal hair to Italy is projected to decrease from $4.51 million in 2024 to $3.38 million in 2028, reflecting a steady downward trajectory. If the values replicated for 2024 to 2028 are correct, the year-on-year decrease between 2024 and 2025 is about -6.4%, and a similar trend continues, pointing to about -6.1% from 2025 to 2026.

This aligns with the calculated compound annual growth rate (CAGR) of approximately -7.0% over these five years. In 2023, the imports likely stood somewhat higher, given the projected decline in subsequent years.

Future trends to watch include:

  • Changing global demand for wool and fine animal hair.
  • Potential shifts in Italy's domestic textile production capacity and capability.
  • Economic factors affecting Italy and its trade partners, such as currency exchange rates and trade policies.

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