In 2023, Malaysia imported Greasy Shorn Wool valued at approximately 29.598 million USD. Forecast data from 2024 to 2028 shows a consistent year-on-year increase in import value, starting from 29.598 million USD in 2024 and reaching 33.081 million USD by 2028. This indicates a steady growth trend in the import of Greasy Shorn Wool. The year-on-year variation shows an average annual growth rate of around 2.77%. Over the last two years, the import value grew by approximately 3.03%, and the last five years' compound annual growth rate (CAGR) is about 2.77%.
Future trends to watch for include potential shifts in global wool production, changes in fashion industry demands, and economic factors influencing trade policies. Market dynamics such as technological advancements in wool processing and alternative textile materials development can also impact future import values.
