The forecasted import volumes for woven fabrics of wool and animal hair into the UK show a steady decline from 2024 to 2028, starting from 4.4492 million square meters in 2024 and ending at 3.7214 million square meters in 2028. This reflects a decreasing trend, with the import volume shrinking each year.
The year-on-year decline indicates a consistent reduction across this period, suggesting possible influences such as shifts in demand, trade policy changes, or substitutes entering the market. For instance, from 2024 to 2025, imports decrease by approximately 4.2%, and a similar declining pattern persists through 2028.
The compound annual growth rate (CAGR) over these five years, while negative, helps identify an average annual decrease in import volumes, emphasizing a significant downward trend compared to potential 2023 values.
Future trends to watch for:
- Shifting consumer preferences toward synthetic alternatives or domestic production.
- Impacts of UK trade agreements post-Brexit influencing import dynamics.
- Technological advancements in fabric production changing import requirements.
