The forecast for the import of cotton yarn into the UK indicates a consistent decline between 2024 and 2028. Starting at approximately 3.36 million kilograms in 2024, the volume is projected to decrease sharply to about 0.69 million kilograms by 2028. From 2023 to 2024, the decrease signifies a notable annual trend, with a significant negative compound annual growth rate over the 5-year forecast period.
Future trends to watch for include:
- Potential shifts in global cotton production and trade policies affecting imports.
- Advances in sustainable and synthetic textile materials influencing demand for cotton yarn imports.
- Currency fluctuations and their impact on the import economy.
