In 2023, the re-import of flax yarn multiple (folded) or cabled to Italy stood at a certain baseline, as indicated by the forecasted data starting from 2024. The projections from 2024 to 2028 show a gradual decline in re-imports, with a decrease from 589.43 kilograms in 2024 to 550.23 kilograms in 2028. The year-on-year variation highlights a consistent negative growth trend, with a projected compound annual growth rate (CAGR) indicating an average percentage decline per year over the five-year forecast period.
Future trends to watch for:
- Potential shifts in global production dynamics or sourcing strategies impacting re-import needs.
- Changes in Italy's domestic demand for flax yarn that could alter import behaviors.
- Innovations in textiles and sustainability practices influencing market demands.