The import of yarn of carded wool to Chile has shown significant fluctuations over the past decade. From a high of 499.85 thousand US dollars in 2014, the value saw a marked decline with some periods of minor recovery. By 2023, the value stood at 338.05 thousand US dollars, reflecting a decreasing trend.
The year-on-year variations illustrate the inconsistency: showing growth peaks in 2014 (27.49%), 2018 (24.8%), and 2021 (17.39%), contrasted by sharp drops in other years, particularly in 2015 (-27.72%) and 2020 (-18.67%). The CAGR for the past five years was -4.19%, indicating an average annual decline.
Forecasted data anticipates a continued decline, with the value expected to drop to 290.91 thousand US dollars by 2028, reflecting a forecasted 5-year CAGR of -2.38% and a 5-year growth rate of -11.35%.
Looking forward, it will be critical to monitor the global wool market for factors affecting demand and supply, as well as any economic policies in Chile that may influence import dynamics. Environmental concerns and sustainability trends might also impact overall demand for wool products.
