The import of button moulds and button parts to the UK is forecasted to decline steadily from 2024 to 2028, decreasing from 22.32 thousand kilograms in 2024 to 11.06 thousand kilograms in 2028. This indicates a compounded annual growth rate (CAGR) of approximately -16% over these years. When compared to the actual data from 2023, there is a clear downward trend highlighting a decreasing demand or potential domestic supply improvements.
Looking ahead, key trends to monitor include:
- Potential substitution with alternative fastening technologies.
- Changes in fashion trends impacting button usage.
- Possible trade policy shifts affecting import volumes.
