The import of greasy wool other than shorn to Germany is on a declining trajectory from 2024 to 2028. Starting with a forecasted value of 21.72 thousand kilograms in 2024, the volume decreases consistently year on year, reaching 17.6 thousand kilograms by 2028. The compound annual growth rate (CAGR) through this period indicates a trend of continuous decline. Although exact figures for 2023 are unavailable, acknowledging that these values mark a downward trend is essential. This contraction might be influenced by shifts in demand, sourcing alternatives, or industry pressures.
Future trends to monitor include:
- Changes in consumer preferences impacting wool demand.
- Alternate material adoption in textile and manufacturing industry.
- Economic policies affecting importations and trade.
