The import of mechanically made lace of other than man-made fibers materials to the UK is forecasted to decline from 131.68 thousand kilograms in 2024 to 126.59 thousand kilograms by 2028. This represents a year-on-year decrease of approximately 1% to 1.5% annually. The compound annual growth rate (CAGR) over the forecasted period from 2024 to 2028 indicates a steady decline in import volume.
Future trends to watch for include:
- Potential trade policy changes post-Brexit that may affect import volumes.
- Impact of sustainable fashion movements and preferences for natural fiber alternatives.
- Technological advancements in lace production and their possible effects on import demand.
- Economic factors affecting consumer spending and demand for luxury items made of lace.