Forecast: Import of Felt of Wool or Fine Animal Hair, Not Impregnated, Coated, Covered or Laminated to Germany

In 2023, Germany imported felt of wool or fine animal hair valued at an estimate of around USD 7.14 million. The forecast for 2024 through 2028 shows a consistent annual increase in the import values, starting at USD 7.39 million in 2024 and reaching USD 8.38 million by 2028. The year-on-year growth rate reflects a steady upward trend with an average increase of around 4% annually. This trend demonstrates a compound annual growth rate (CAGR) of approximately 3.28% over the forecasted period.

Looking ahead, several future trends are worth watching. Potential factors include changes in demand within the textile and fashion industry, technological advancements in textile production, and shifts in trade policies affecting import tariffs. An increased focus on sustainable and eco-friendly products might also influence the demand for natural fibers like wool, impacting import levels. Monitoring these factors will be crucial in understanding the import dynamics for Germany in the coming years.