In 2023, the UK imported 208.25 thousand kilograms of yarn of jute or textile bast fibres. Forecasts from 2024 to 2028 indicate a consistent decline in imports, with projected values decreasing from 183.72 to 88.53 thousand kilograms. The year-on-year percentage change shows a downward trend, reflecting reductions of approximately 13.35% from 2024 to 2025, 15.11% from 2025 to 2026, 17.42% from 2026 to 2027, and 20.65% from 2027 to 2028. Over the five-year forecast period, the Compound Annual Growth Rate (CAGR) is around -20.34%, highlighting a significant annual decline in import volumes.
Future trends to watch for include:
- Potential shifts in material preferences towards synthetic alternatives impacting demand for jute yarn.
- Advancements in domestic textile manufacturing could alter import dependencies.
- Economic or trade policy changes may accelerate or decelerate these import trends.