In 2023, China dominated the global export of yarn of carded fine animal hair with a substantial lead, followed by Italy and the United Kingdom. Notably, China and Italy experienced minor growths of 1.95% and 2.08% respectively. The United Kingdom saw a decline of 2.86%, indicating a potential dip in market competitiveness. Smaller markets like South Africa showed a remarkable increase of 70.02%, albeit from a smaller base. Romania also saw significant positive growth, while countries like Japan and the United States experienced noticeable declines, with Japan decreasing by 16.13% and the U.S. by 19.59%.
Future trends to watch include:
- China's continued dominance, driven by strong production capabilities and competitive pricing.
- Italy's potential stabilization or growth in niche markets.
- Possible recovery or strategic shifts from countries like Japan and the U.S. to regain market shares.
- Increased role of emerging markets like South Africa and Romania, guided by local initiatives and increasing demand.
Top countries in Export of Yarn of Carded Fine Animal Hair by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 349,050,000 | 2023 | +2.27% | +1.95% | View data |
| 2 | 2 Italy | 59,610,000 | 2023 | +3.17% | +2.08% | View data |
| 3 | 3 United Kingdom | 20,568,000 | 2023 | -1.98% | -2.86% | View data |
| 4 | 4 Croatia | 3,249,800 | 2023 | +6.28% | +0.78% | View data |
| 5 | 5 Mongolia | 764,200 | 2023 | +5.01% | +2.81% | View data |
| 6 | 6 South Korea | 724,390 | 2023 | +0.34% | -7.37% | View data |
| 7 | 7 Japan | 432,420 | 2023 | -20.53% | -16.13% | View data |
| 8 | 8 France | 247,770 | 2023 | -5.04% | -5.36% | View data |
| 9 | 9 Madagascar | 118,070 | 2023 | +4.46% | +3.26% | View data |
| 10 | 10 Lithuania | 115,180 | 2023 | +5.8% | +1.32% | View data |
