In 2023, Germany’s raw wool production was valued at 660 thousand euros. Forecasted figures indicate a steep and concerning decline from 2024 to 2028, with an average annual contraction rate reflected by the Compound Annual Growth Rate (CAGR). Year-on-year, production values are expected to tumble significantly: from 660 in 2024 to a mere 30 thousand euros by 2028. This precipitous drop highlights the sector's vulnerability and challenges.
Future trends to watch for:
- Environmental factors and their potential impact on wool production.
- Shifts in global demand and their influence on the German wool industry.
- Technological advancements in synthetic fibers affecting natural wool demand.
- Policy changes related to agriculture and livestock impacting production levels.