The production of textiles and wearing apparel in the UK stood at £11.50 billion in 2023. Forecast data shows a steady increase in production value, with figures expected to reach £11.58 billion in 2024, £11.67 billion in 2025, £11.76 billion in 2026, £11.84 billion in 2027, and £11.93 billion in 2028. Year-on-year variations are: 2024 to 2025 at 0.78%, 2025 to 2026 at 0.77%, 2026 to 2027 at 0.68%, and 2027 to 2028 at 0.76%. The compound annual growth rate (CAGR) over this five-year period is approximately 0.74%.
Future trends to watch for include the increasing adoption of sustainable and eco-friendly manufacturing processes, advancements in textile technology, and shifts in consumer preferences towards quality and durability. The impact of Brexit on trade policies and potential regulatory changes may also influence production dynamics.
