The import of tyre cord fabric of high tenacity polyester yarn to the UK is showing a steep declining trend from 2024 to 2028, decreasing annually from 1.004 million kilograms in 2024 to just 0.15741 million kilograms in 2028. In 2023, this figure stood at a higher value, indicating a sharp fall expected through this forecast period. With an estimated decrease of approximately 21.7% from 2024 to 2025, and even more drastic reductions in subsequent years, the compound annual growth rate (CAGR) portrays a significant negative growth, cautioning the industry's dynamics.
Future trends to watch for include:
- The potential impact of the automotive industry’s transition to sustainable materials on polyester-demanding products.
- Changes in UK trade policies post-Brexit that may affect import patterns.
- Technological advancements or preferences for alternative materials impacting demand for high tenacity polyester yarn.
