In 2023, the import of silk waste to the UK stood at a certain value. The forecast from 2024 onwards shows a steady decline, with an annual decrease of approximately 1.7% from 2024 to 2028. Specifically, the import value is predicted to decrease from 1.2449 million USD in 2024 to 1.1623 million USD by 2028. This reflects a consistent downward trend over the four-year forecast period. The compound annual growth rate (CAGR) over these years indicates a decrease in demand or a shift in sourcing strategies.
Future trends to watch for include:
- Shifts in global trade policies impacting silk waste sourcing.
- Technological advancements in silk recycling processes that may alter demand.
- Potential changes in the fashion industry influencing silk usage.
