In 2023, the import value of waste of wool or of fine or coarse animal hair to the US was approximately 1,080 thousand US dollars. Forecasts show a steady decline from 2024, starting at 946.76 thousand US dollars, with a year-on-year decrease of around 12.4% by 2025. By 2028, this figure is projected to drop further to 491.42 thousand US dollars. The compound annual growth rate (CAGR) over the forecast period indicates a downward trend of about -13.2% per year on average.
Future trends to watch for:
- Potential policy changes impacting trade and imports.
- Developments in recycling and sustainability initiatives affecting demand.
- Shifts in the global wool market, including supply chain disruptions.
