The employment in the UK's preparation and spinning of textile fibres sector is forecasted to experience a steady decline from 2024 to 2028, decreasing from 2.13 thousand full-time equivalents in 2024 to 1.81 thousand in 2028. This represents a compound annual growth rate (CAGR) of approximately -3.1% over five years. Year-on-year, the sector is expected to contract by approximately -3.8%. In 2023, employment stood at 2.21 thousand full-time equivalents, highlighting a consistent downward trend.
Future trends to watch for include technological advancements in automation and increased global competition, which could further impact employment levels. Additionally, sustainability and environmental considerations may drive changes in production methods, potentially altering labor demands.
