The import of wool yarn to Denmark shows a fluctuating trend over recent years. From 2013 to 2014, there was a steep decline, followed by minimal changes until 2016. Significant growth resumed in 2017 and 2018, stabilizing afterward. In 2023, imports stood at 5.5428 million kilograms. The year-on-year variation in 2022 and 2023 was marginally positive at 0.27% and 0.36%, respectively.
Future imports are projected to increase steadily, showing a compound annual growth rate (CAGR) of 0.27% over the next five years, indicating a stable market with limited fluctuations. The overall forecasted growth rate through 2028 is moderate, at 1.38%.
Future trends to watch for:
- Impact of global supply chain dynamics on yarn availability and prices.
- Shifts in consumer preference towards sustainable and locally produced textiles.
- Technological advancements in textile manufacturing impacting import needs.