Forecast: Import of Degreased Shorn Wool to Thailand

Between 2013 and 2023, Thailand's import of degreased shorn wool has shown variability, with significant fluctuations. As of 2023, the import value stood at 48.792 million USD. The year-on-year growth rates highlight key trends: there was a notable increase of 70.59% in 2014, which contrasts with the -11.27% drop in 2015. The data reveals an upward trajectory towards 2023, with an annual growth rate of 2.55% in the last recorded year. The Compound Annual Growth Rate (CAGR) over the past five years from 2018 to 2023 was nearly 1.95%, indicating moderate growth.

Forecasted data from 2024 to 2028 suggests a steady ascent, with a 5-year CAGR of 1.92% and a projected overall growth rate of 9.98% over the period. This indicates a consistent, albeit modest, increase in imports, which aligns with general economic trends and demand patterns.

Future trends to watch for:

  • Changes in global wool prices and supply chain stability.
  • Potential shifts in Thailand’s manufacturing and textile industry demands.
  • Impact of trade policies and tariffs on wool imports.
  • Growth in local wool production capabilities which may affect import levels.

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