The import of knitted or crocheted gloves, mittens, or mitts of wool or fine animal hair to Germany is forecasted to decline steadily from 2024 to 2028. In 2023, the volume was higher than the projected 2024 figure of 88.62 thousand kilograms. The projected data shows a year-on-year contraction with variation rates: -4.37% from 2024 to 2025, -4.48% from 2025 to 2026, -4.59% from 2026 to 2027, and -4.73% from 2027 to 2028. The five-year compound annual growth rate (CAGR) reflects a consistent average yearly decrease in imports.
Future trends to watch for include:
- The impact of changing consumer preferences towards sustainable or alternative materials.
- Potential shifts in trade policies or tariffs affecting wool or fine animal hair products.
- Advancements in local manufacturing capabilities or technologies in Germany.
