The forecasted greasy wool gross production in the US shows a downward trend from 2024 to 2028. In 2023, the production stood at 36.91 million US dollars PPP. The annual percentage decrease is approximately 3-4% each year. The five-year compound annual growth rate (CAGR) highlights an average yearly decline in production value, projecting a notable contraction in the greasy wool industry.

Future trends to watch for include:

Potential impacts of changing trade policies influencing wool exports and imports.
Technological advancements in synthetic materials possibly reducing wool demand.
Shifts in consumer preferences towards sustainable and natural fibers.