In 2023, the re-import of non-knitted or crocheted men's and boys' jackets and blazers of wool or fine animal hair to Italy stood at approximately 44.0 million USD. From 2024 onwards, there is a forecasted steady annual growth: 2.47% in 2025, 2.36% in 2026, 2.26% in 2027, and 2.19% in 2028. Over this five-year forecast period (2024-2028), the compounded annual growth rate (CAGR) is approximately 2.32%.
Future trends to watch for include:
- Fluctuating wool prices due to economic and environmental factors.
- Potential impact of sustainable fashion trends on wool demand.
- Changes in trade policies influencing import tariffs and duties.
- Evolving consumer preferences towards luxury and quality fabrics.
