The production of woven fabrics of synthetic filament yarns in the UK showed a mixed trend over the last decade. From 2013 to 2023, the overall production increased from 9.06 million sqm to 10.41 million sqm, with notable growth spurts in 2016 and 2021, and a steep decline in 2020 due to pandemic-related disruptions. The year-on-year variation highlights fluctuating growth rates, with significant increases in 2021 (+20.95%) and minor ones such as in 2022 (+0.38%) and 2023 (+0.37%). For the last five years up to 2023, the average annual growth rate was approximately 0.5%.
Going forward, forecasted figures indicate steady, albeit slow, growth, with production expected to reach 10.612 million sqm in 2028 and an average annual growth rate of 0.3% from 2024 to 2028. This suggests stable demand with modest expansion.
Future trends to watch for:
- Technological advancements improving production efficiency.
- Market shifts due to changing fashion trends and synthetic fiber innovations.
- Environmental regulations impacting synthetic filament yarn production.
- Impact of geopolitical changes on raw material supply chains.
