The re-import of shawls, scarves, and veils of silk to Italy shows a forecasted decline in volume from 14.19 to 4.39 thousand kilograms from 2024 to 2028. From 2023 levels, imports are projected to decline steadily over five years. This represents a significant reduction year-over-year of approximately 17.9% from 2024 to 2025, 21.2% from 2025 to 2026, 26.4% from 2026 to 2027, and 35% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is -24.3%, indicating a continuous downward trend.
Future trends to watch for include:
- Fluctuations in the global silk market, affecting supply and pricing.
- Consumer shifts towards alternative fabrics or locally produced products.
- Macro-economic factors impacting both supply chains and consumer spending in Italy.
- Potential impacts of sustainable fashion trends and trade regulations on re-import activities.