As of 2024, Italy's forecast for the re-import of yarn made from wool or fine animal hair shows a consistent decline, starting from $848.16K USD and dropping to $169.64K USD by 2028. This indicates an average annual decrease, or CAGR, driven by factors such as shifting market dynamics and possibly increased domestic production capacity or changes in trade policies.
Future trends to watch for include:
- Global economic conditions impacting wool trade dynamics.
- Potential shifts towards sustainable and local sourcing.
- Technological advancements in textile production affecting demand.
