The import of yarn of man-made staple fibers to the UK in 2023 was valued at USD 34.5 million. The forecasted figures indicate a consistent year-on-year growth: 2024 at USD 35.526 million, 2025 at USD 36.558 million, 2026 at USD 37.569 million, 2027 at USD 38.56 million, and 2028 at USD 39.531 million. The compound annual growth rate (CAGR) for this period stands at approximately 2.7%.
Future trends to watch for include:
- Shifts in global demand for sustainable and recyclable materials that could impact the man-made fibers industry.
- Trade policy changes post-Brexit affecting import tariffs or regulations.
- Technological advancements in yarn production that may alter cost structures and influence pricing and import volumes.
- Economic fluctuations that could impact manufacturing and construction sectors, primary consumers of these fibers.
