The import of silk yarn except from waste to Germany is projected to decline steadily from 2024 to 2028, decreasing from $8.2974 million in 2024 to $6.9716 million by 2028. Compared to 2023, where the import value stood at $8.6 million, the data reveals a downward trend. The year-on-year percentage decrease from 2024 to 2028 consistently displays a slight but steady reduction, with the CAGR over these five years expected to be negative, indicating a shrinking market for this product in Germany.
Future trends to watch for:
- Potential shifts in consumer preferences towards sustainable or alternative textiles impacting import levels.
- Economic factors in Germany such as currency fluctuations and economic stability affecting import demands.
- Technological advancements in textile production that could influence domestic production capabilities, reducing reliance on imports.