In 2023, the re-import value of degreased shorn wool to France was standing at a level just prior to the forecasted decrease observed in subsequent years. From 2024 to 2028, there is a consistent downward trend in the value, decreasing from $10.51 thousand USD in 2024 to $9.4 thousand USD in 2028. The year-on-year percentage variation reflects a steady decline in the range of approximately 2-3% annually. The compound annual growth rate (CAGR) over these five years calculates to a decrease in demand, suggesting a consistent trend.
Future trends to watch for include potential shifts in global wool demand, changes in import regulations, and economic conditions in France and major wool-producing countries. Additionally, sustainability concerns and fashion industry trends could influence the demand for wool and related products.
