In 2023, the UK imported an estimated 13.5 million kilograms of knit or crochet fabric made from manmade fibers. The forecast for 2024 indicates an import volume of 13.707 million kilograms, showing a modest increase. This upward trend is expected to continue, with imports reaching 14.585 million kilograms by 2028.
The year-on-year growth rates for 2024 to 2028 show incremental rises, averaging around 1.5%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be approximately 1.6%.
Future trends to watch for include:
- Changes in trade policies and regulations post-Brexit, which may impact import volumes.
- Technological advancements in textile manufacturing, potentially altering supply dynamics.
- Sustainability demands, influencing material preferences towards more eco-friendly options.