The import of degreased shorn wool to China forecasts a steady upward trend from 2024 to 2028, with values increasing from approximately 111.94 million kilograms in 2024 to 127.03 million kilograms in 2028. This represents an average annual growth rate, or CAGR, indicative of robust demand projections. Compared to 2023, where data isn't provided, it suggests a continuation of growth. Year-on-year increases suggest moderate but consistent expansion in the import volumes. The compounding interest effect results from the annual increases contributing to a higher base each year.
Future trends to monitor include global wool supply fluctuations due to climate change, shifts in Chinese domestic wool production, and potential changes in international trade policies. These factors could disrupt or accelerate the current growth trajectory in wool imports.
