The production of raw wool in the UK has displayed a declining trend over the past decade, with notable fluctuations. After reaching a peak value of 30.0 thousand metric tons in 2016, the production witnessed a sharp decrease to 23.41 thousand metric tons in 2020. By 2023, production stood at 27.2 thousand metric tons. The most recent year-on-year changes showed a downward trend, with a -1.09% change from 2022 to 2023. The 5-year CAGR leading up to 2023 was -1.27%, indicating a gradual decrease.

Future projections indicate a continued decline, with production expected to fall to 25.47 thousand metric tons by 2028. This forecasted period predicts a 5-year CAGR of -1.03%, reflecting a modest but consistent downward trend.

Trends to watch for include:

Market demand: Fluctuations in global demand for wool and its substitutes.
Climate impact: Changes in climate patterns affecting sheep farming and wool quality.
Technological advancements: Innovations in synthetic fibers potentially impacting raw wool demand.