The dataset indicates Turkey's textiles exports to the UK from 2024 onward are forecasted to decline slightly from a value of 476.84 million USD in 2024 to 462.36 million USD by 2028. This shows a consistent downward trend over the forecast period. When calculating year-on-year variation, 2025 sees a -0.78% decrease from 2024, 2026 shows a -0.77% decrease from 2025, 2027 sees a -0.76% decrease compared to 2026, and 2028 carries a -0.75% decrease from 2027. The last 5-year CAGR is approximately -0.76%. The value in 2023 stood at 480.50 million USD.
Future trends to watch for:
- Potential impact of trade agreements and tariffs between the UK and Turkey.
- Changes in consumer demand for textiles in the UK market.
- Turkey's competitiveness relative to other textile-exporting countries.
- Movements in global supply chains and raw material costs.
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