The production of wool yarn in Italy experienced significant fluctuations from 2013 to 2023, with notable decreases in production volume. In 2023, the volume stood at 44.404 Million Kilograms. The year-over-year variation showcases a substantial decline, from a high point in 2017 and 2018 to a consistent downward trend highlighted by a -6.74% decrease in 2023. The average annual decrease over the last five years (CAGR) was -10.75%, indicating a robust declining trend. Forecasts suggest this decline will continue sharply, with production expected to fall to 17.121 Million Kilograms by 2028, marking a 5-year CAGR of -15.11% and a cumulative decrease of 55.91% from 2023.
Future trends to watch for include potential shifts in global demand for wool, advancements in synthetic alternatives, and changes in Italian manufacturing capabilities and costs. Monitoring changes in consumer preference towards sustainable and natural fibers versus synthetic options will also be crucial.
