From 2013 to 2023, the export value of wool, animal hair, horsehair yarn, and fabric from Sweden has shown fluctuating trends but overall grew from 18.546 million USD to 32.609 million USD. The series is expressed in Value, standing at 32.609 million USD in 2023. Key observations include a significant spike in 2016 with a 40.88% year-on-year increase, and a notable decline in 2020 by -13.76%. The recent two years show modest growth, with a year-on-year variation of 3.48% in 2022 and 3.29% in 2023. The five-year CAGR leading up to 2023 was approximately 2.42%. Forecasted data from 2024 to 2028 suggest a more stable growth trend with an expected annual average increase of 2.42%, reaching 38.038 million USD by 2028.
Future trends to watch for include:
- Emerging markets opening opportunities for Swedish exports.
- Influence of sustainability and eco-friendly practices on product demand.
- Technological advancements in textile manufacturing.
- Potential trade policy changes impacting export dynamics.
