The import of wool yarn to Spain has seen a significant downward trend over the past decade. From 2013 to 2023, actual data shows a notable reduction in volume, with a particularly steep decline beginning in 2019. The most recent data from 2023 indicates that imports stood at 0.63868 million kilograms, marking an 11.11% decrease from the previous year. The compound annual growth rate (CAGR) over the last five years is -11.9%, illustrating a consistent contraction in the market.
Over the forecast period running from 2024 to 2028, the expected trajectory continues on a steep descending path. The forecast for 2028 projects a volume of 0.25129 million kilograms, with an estimated CAGR of -14.8% over five years and a cumulative reduction of 55.1%. This stark decrease signals an ongoing decline in the dependence on wool yarn imports.
Future trends to watch for include:
- Changes in the global wool supply chain, potentially driven by shifts in production or geopolitical factors.
- Technological advancements and their impact on the demand for traditional wool yarn.
- Substitution effects with alternative materials, impacting wool yarn usage in key industries such as textiles and fashion.
- Economic policies and agreements that could either hinder or facilitate international trade for wool yarn.
