The forecast for Italy's import of sewing thread of man-made staple fibres shows a consistent decline from $6.8381 million in 2024 to $4.9686 million in 2028. Considering 2023's import value stood at $7.348 million, the years covered in this projection indicate a steady decrease in import value. This results in a year-on-year reduction: -7.04% from 2024 to 2025, -7.44% from 2025 to 2026, -7.85% from 2026 to 2027, and -8.36% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is approximately -6.25%, reflecting a downward trend in imports.
Future trends to watch for:
- The increasing preference for sustainable and natural fibres might be impacting the demand for synthetic sewing threads.
- Monitor economic conditions that could further affect the textile industry and, consequently, the demand for sewing threads.
- Technological advancements in domestic production might lead to further reductions in imports.
