The raw wool production in Spain showed fluctuations from 2013 to 2023, with some notable variations year-on-year. 2023 stood at 22.1 thousand metric tons, continuing a gradual decline since peaking in 2018 at 23.6 thousand metric tons. From 2020 to 2021, production saw a significant recovery with a 19.42% increase, but subsequently, it experienced minor decreases each year, leading to -0.9% in both 2022 and 2023. The five-year compound annual growth rate (CAGR) from 2018 to 2023 averaged at -1.3%, indicating an overall downward trend. The forecast for the next five years suggests a continued decline, with an expected CAGR of -0.83% and an overall growth rate of -4.06% by 2028.
Future trends to watch for include:
- Potential impacts of climate change and regulatory policies on wool production.
- Technological advancements in wool processing that could influence production efficiency.
- Global market demand fluctuations for wool and related products.
- Changes in agricultural practices and land use in Spain that could affect wool yield.
- Consumer trends towards sustainable and organic wool may impact production.
