The export of sheep skins with wool from Argentina to China experienced fluctuating trends from 2013 to 2023. Initially, the export volume saw significant variations with a steep decline in 2014 and 2015, followed by a considerable rise in 2016. Subsequent years displayed a mix of increases and declines, with notable growth in 2017 and 2018. Despite fluctuations, the volume in 2023 stood at 1010 metric tons, marking a 12.98% year-on-year increase.
Over the last five years, (2019-2023) the exports grew on average at a CAGR of -2.98%, indicating minor overall decline. Looking forward, from 2024 to 2028, the forecasted average annual growth rate is 5.86%, suggesting a positive trend with an anticipated growth rate of 32.91% over the period.
Future trends to watch for:
- Potential variations in global trade policies and their impact on Argentina-China trade relations.
- Changes in consumer demand within China for woolen products.
- Technological advancements and innovations in sheep farming and wool processing in Argentina.
- Environmental regulations and sustainability practices affecting wool production and export logistics.
