The forecasted data indicates a decreasing trend in the import of silk to Germany from 2024 to 2028, starting at 26.564 million US dollars in 2024 and declining to 9.6969 million US dollars by 2028. Compared to the actual data from 2023, a consistent year-on-year reduction is evident, highlighting a downward trajectory. This is emphasized by a significant compound annual growth rate (CAGR) decline over the projected five-year period.
Future trends to watch for include:
- Potential shifts in global silk production that may affect supply chains.
- Changing consumer preferences, favoring sustainable or alternative materials.
- Economic policies impacting trade and import tariffs.
- Technological advancements in textile production influencing silk demand.
