Forecast: Re-Import of Yarn of Carded Wool to Italy

The re-import of yarn of carded wool to Italy is forecasted to decrease gradually from 2024 to 2028. Starting at $4.056 million in 2024, it declines to $3.563 million in 2028. This represents a year-on-year decrease of approximately 3.1%. The compounded annual growth rate (CAGR) over this five-year period is roughly -3.1%, indicating a steady decline.

In 2023, the actual value stood higher, which marks the beginning of this downward trend. Factors that contributed to the expected decline likely include shifts in global demand, competitive pricing, and potential changes in trade policies or manufacturing trends.

Future trends to watch for:

  • Potential impact of sustainability and eco-friendly practices on wool yarn demand.
  • Technological advancements in textile production that could affect import needs.
  • Trade agreements or tariffs that might influence re-import volumes.
  • Consumer preference shifts towards alternative materials potentially reducing wool demand.

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