Forecast: Goat Wool Production in China

From 2013 to 2023, goat wool production in China trended downward, starting from 40.21 thousand metric tons and declining to 20.99 thousand metric tons. Year-on-year variations showed significant decreases, with notable annual drops of 17.95% in 2018 and a consistent average decline (CAGR) of about 4.89% over the past five years. Looking ahead, the forecast suggests further declines, projecting production to reach 15.4 thousand metric tons by 2028. This indicates a forecasted negative CAGR of 4.95% over the next five years. Future trends to watch for include:

  • The impact of climate change on goat farming conditions
  • The adoption of new breeding technologies to improve wool yield
  • Shifts in global market demand and trade policies affecting exports
Continued monitoring and strategic interventions will be necessary to address the declining trend.

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