In 2023, the silk yarn market volume in the UK was estimated to be higher than the forecasted 42.34 thousand kilograms for 2024. Over the next five years, a decreasing trend is projected with the market volume expected to reach 31.81 thousand kilograms by 2028. This reflects a continuous decline with average year-on-year variations indicating negative growth.
The compound annual growth rate (CAGR) from 2024 to 2028 is negative, highlighting persistent market contraction. The silk yarn market faces challenges such as changing consumer preferences and increasing competition from synthetic alternatives.
Future trends to watch include sustainable production practices and innovations in silk blends to reinvigorate market demand, as well as the potential impacts of global economic conditions and fashion industry shifts on material choices.
