As of 2023, the UK textiles finishing sector generated a turnover below the projected 2024 forecast. The forecast data from 2024 to 2028 outlines a consistent annual decrease in turnover, with a compound annual growth rate (CAGR) indicating a negative trend over the five-year period. This declining trajectory reflects year-on-year decreases, pointing to potential challenges in the UK textiles finishing market.
Future trends to watch for include:
- Technological advancements and automation in textile manufacturing.
- Impacts of sustainable practices and consumer demand for eco-friendly products.
- Trade policies post-Brexit affecting material costs and export dynamics.
- Potential shifts in global supply chains impacting domestic output.
