The import of knitted or crocheted hosiery made of wool or fine animal hair to Germany is projected to decline steadily from 2024 to 2028, with volumes expected to decrease from 401.45 thousand kilograms in 2024 to 274.63 thousand kilograms in 2028. This represents a significant downward trend, with a compound annual growth rate illustrating an average annual reduction in volume over these five years. Notably, this follows 2023, where import volumes were marginally higher, driven by existing demands and market conditions.
Future trends to watch for include:
- Shifts in consumer preferences towards sustainable and locally-produced goods
- Potential impact of trade policies and import tariffs on volume
- Fluctuations in wool prices affecting production and import costs
