In 2023, the UK imported approximately 13.0 million kilograms of textured polyester yarn. The forecast for 2024 shows a decrease to 12.325 million kilograms, indicating a decline of approximately 5.2% from the previous year. This downward trend continues annually: -5.8% in 2025, -6.0% in 2026, -6.3% in 2027, and -6.5% in 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected at -5.86%, highlighting a consistent decrease in imports.
Future trends to watch:
- Sustainability initiatives influencing demand patterns.
- Potential impact of trade agreements or tariffs affecting import volumes.
- Technological advancements in textile production possibly reducing reliance on imports.