In 2023, the import value of wool, animal hair, and horsehair yarn and fabric to Spain stood at 85.08 million US dollars. The year-on-year variation shows a decline of 3.55%. Over the last five years, the compound annual growth rate (CAGR) has been -3.66%, indicating a consistent downward trend in imports. Looking at the historical data, there has been a significant overall decline from a high of 122.06 million in 2014, with notable dips in 2015 and 2020, the latter of which saw a sharp year-on-year decrease of 19.82%.
In the forecast period from 2024 to 2028, the CAGR is projected at -3.39%, predicting a continuing reduction in import values, reaching 68.71 million by 2028. This represents a 15.84% decline over the five-year forecast period.
Future trends to watch for include potential shifts in global supply chains, changes in trade policies, and the impact of sustainability practices on wool and animal hair imports. Monitoring these factors could provide insights into possible deviations from current forecasts.
