The export of Wool, Animal Hair, Horsehair Yarn, and Fabric from Germany has experienced a sustained decline from 2013 to 2023, dropping from 714.83 million USD to 428.28 million USD. This trend reflects a series of year-on-year decreases, punctuated by occasional increases, such as in 2018 and 2021. Over the last five years, the average annual decrease (CAGR) has been approximately -5.49%. Notably, recent years saw a sharper decrease, with a -5.32% drop in 2022 and -5.51% in 2023.
Looking ahead, the forecast for 2024 onward indicates a continuing decline at an average annual rate of -5.76%, predicting a reduction to 297.91 million USD by 2028, representing a significant drop of -25.69% over these five years. This downward trajectory underscores the challenges faced by the industry.
Future trends to watch for include technological advancements in synthetic alternatives, evolving global trade policies, and potential shifts in consumer demand for natural fibers, which could further impact Germany's export volumes in this sector.
