Forecast: Import of Yarn of Combed Wool to Thailand

Examining data from 2013 to 2023, Thailand's import of yarn of combed wool shows significant fluctuations, with values ranging between 9.89 and 19.32 million USD. Specifically, by 2023, imports stood at 16.60 million USD. The recent two-year period indicates a slight upward trend with year-on-year increases of 1.64% and 1.58% in 2022 and 2023, respectively. However, the longer-term five-year CAGR suggests a negligible decline of -0.55%, demonstrating relative stability but no substantial growth.

Future forecasts from 2024 to 2028 predict moderate growth, with a projected five-year CAGR of 1.23%, indicating a steady increase in import values. Key trends to watch include:

  • Potential changes in trade policies or tariffs impacting import costs.
  • Fluctuations in global wool prices, which could affect import volumes.
  • Growing domestic demand for combed wool products driving import needs.
  • Technological advancements in textile manufacturing influencing supply chain dynamics.

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