In 2023, the greasy wool gross production in Argentina stood at approximately 142 million USD PPP (2004–2006). The forecasted values for the upcoming years indicate a gradual decline: 136.4 million USD in 2024, 130.99 million USD in 2025, 125.62 million USD in 2026, 120.31 million USD in 2027, and 115.06 million USD in 2028. This represents the following year-on-year variations:
• -4.06% from 2023 to 2024
• -3.97% from 2024 to 2025
• -4.09% from 2025 to 2026
• -4.23% from 2026 to 2027
• -4.38% from 2027 to 2028
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is -4.12%, indicating a consistent downward trend over the five-year period.
Future trends to watch for include the impact of global demand fluctuations, advancements in wool processing technology, and changes in agricultural policies and practices in Argentina. Environmental factors and market prices for alternative fibers could also significantly influence greasy wool production levels.
