The forecasted import of yarn of combed wool to Malaysia shows a steady upward trend from 2024 to 2028, starting at 797.1 thousand US dollars and rising to 839.45 thousand US dollars by 2028. The value for 2023 was not provided, but assuming the consistent upward trend, we can infer that 2023 likely had a slightly lower value compared to 2024. This indicates a positive year-on-year growth trend with the following percentage increases:
- 2024 to 2025: An increase of approximately 1.37%
- 2025 to 2026: An increase of approximately 1.32%
- 2026 to 2027: An increase of approximately 1.28%
- 2027 to 2028: An increase of approximately 1.24%
When considering the period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) highlights an average annual increase of around 1.3%
Future trends to watch for:
- Global wool production and pricing trends affecting supply and cost.
- Shifts in Malaysian textile manufacturing demand and export capabilities.
- Trade policies and tariffs impacting wool importation.
- Technological advancements in textile manufacturing making alternative materials more attractive.
