Woolen Fabric Market Overview in Italy
In value terms, woolen fabric production reduced to $ in 2019 estimated in export prices. Over the period under review, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2011 when the production volume increased by % year-to-year. Woolen fabric production peaked at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
The revenue of the woolen fabric market in Italy dropped to $ in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a deep reduction. The pace of growth was the most pronounced in 2011 when the market value increased by % y-o-y. Woolen fabric consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.