The import of combed wool in fragments to South Korea is forecasted to show a steady decline from 2024 to 2028. In 2024, the expected import value is 28.68 thousand kilograms, decreasing annually to 24.75 thousand kilograms by 2028. In 2023, actual imports stood at 29.70 thousand kilograms.
Year-on-year variations indicate a continual decrease:
- 2025: -3.52%
- 2026: -3.60%
- 2027: -3.63%
- 2028: -3.70%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately -3.61%, reflecting a consistent decline over the five-year period.
Future Trends to Watch For:
Track potential shifts in global wool production, pricing, and alternative materials influencing South Korea's imports. Additionally, keep an eye on domestic policy changes and technological advancements in textile manufacturing that could impact demand.
