From 2013 to 2020, the production of wool or fine animal hair yarn in Spain was non-existent. In 2021, production suddenly surged to 171,000 kilograms, marking a significant reentry into the market. As of 2023, production reached 170,040 kilograms, showing a year-on-year increase of 30.8%, bouncing back from a 23.98% decline in 2022. Over the next five years, production is forecasted to grow with a CAGR of 11.68%, leading to a 73.75% increase by 2028, culminating in 364,320 kilograms.
Future trends to watch for include potential impacts of sustainability initiatives, advancements in textile technology, and shifts in global demand for fine animal hair products. Monitoring these factors will be crucial for anticipating market shifts.
