The European import of wool yarn in 2023 was characterized by Italy leading the market with a 29.37% share, followed by the United Kingdom at 18.88%, and Germany at 11.64%. Italy experienced a notable increase of 3.74% year-on-year, whereas the United Kingdom and Germany faced declines of 1.32% and 3.38% respectively. Among the smaller markets, Austria saw the highest growth at 9.67%, while Ireland experienced the largest decrease at -27.14%. Luxembourg's import share saw a significant increase of 32.03%, although from a very low base. Overall, most countries showed minor year-on-year fluctuations in their import shares, with a mixture of small increases and decreases across the board.
Future trends to watch include potential increases in market shares from smaller importing countries like Austria and Luxembourg, indicating growing domestic demands or re-export activities. Conversely, larger players such as the United Kingdom and Germany may continue to experience slight declines or stagnation due to various market challenges. Additionally, shifts in European consumer preferences towards sustainable and local products might influence the import dynamics of wool yarn across different countries.
Top countries in Import of Wool Yarn Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 29.37 | 2023 | +12.42% | +3.74% | View data |
| 2 | 2 United Kingdom | 18.88 | 2023 | -0.64% | -1.32% | View data |
| 3 | 3 Germany | 11.64 | 2023 | +3.25% | -3.38% | View data |
| 4 | 4 Denmark | 6.58 | 2023 | +0.36% | +3.04% | View data |
| 5 | 5 Estonia | 3.38 | 2023 | +14.45% | +2.66% | View data |
| 6 | 6 Belgium | 3.29 | 2023 | -10.87% | -7.17% | View data |
| 7 | 7 Portugal | 3.2 | 2023 | +8.64% | +0.56% | View data |
| 8 | 8 Netherlands | 2.83 | 2023 | -6.99% | -10.57% | View data |
| 9 | 9 Austria | 2.78 | 2023 | +10.09% | +9.67% | View data |
| 10 | 10 Poland | 2.45 | 2023 | +1.37% | +0.49% | View data |
