In 2023, Italy's import of degreased shorn wool stood at a significant level. The forecast from 2024 to 2028 indicates a declining trend in import values, with a steady year-on-year decrease of approximately 8-10%, reflecting a shift in market dynamics. This trend translates into a compound annual growth rate (CAGR) revealing consistent contraction over the five-year forecast period.
Key future trends to watch include:
- Potential shifts in Italy's domestic textile production affecting wool demand.
- Global economic conditions influencing international trade policies.
- Developments in sustainable or alternative materials impacting wool consumption.