Raw wool production in Italy has shown a general decline over the years, from 10.49 million euros in 2013 to 7.72 million euros in 2023. Over the past decade, fluctuations in year-on-year growth rates have been notable, with significant drops in 2015 (-9.81%) and 2021 (-22.28%). Recently, the production value has slightly stabilized with a smaller decrease of 1.15% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at -3.82%, indicating a consistent downward trend.
Future trends to watch for include:
- The average annual decline rate from 2024 to 2028 is forecasted at 0.48%, suggesting a relatively stable yet declining trend.
- Changes in demand for wool products and shifts in global trade policies.
- Technological advancements and their impact on production efficiency.
- Environmental concerns and the growing emphasis on sustainable production methods.