The forecasted data for the import of carded wool to the UK indicates a gradual decrease from 85.42 thousand kilograms in 2024 to 81.23 thousand kilograms in 2028. As of 2023, the actual import volume stood at 86.50 thousand kilograms. The year-on-year percentage change indicates a downtrend, with a compounded average growth rate (CAGR) suggesting a steady decline at a rate over the five-year forecast period. This reflects a shift possibly due to changes in demand, trade policies, or domestic production adjustments.
Future trends to watch for include potential changes in trade agreements post-Brexit, which may impact import costs and volumes; technological advancements in textile production that could reduce reliance on wool imports; and sustainability initiatives that might influence consumer preferences and affect the demand for carded wool.
