Raw wool production in the UK is anticipated to see a steady decline over the period from 2024 to 2028, starting from 13.2 million Euros in 2024 and decreasing to 8.85 million Euros by 2028. For context, raw wool production was 14 million Euros in 2023. Year-on-year, the anticipated percentage decline is notable: a decrease of roughly 8.5% in 2025, 9.11% in 2026, 9.75% in 2027, and 10.71% in 2028. When analyzed over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) suggests an average yearly decline of around 8.98%.
Future trends to watch for include potential changes in demand for raw wool, shifts in farming practices, climate change impacts, and any new government policies affecting the agricultural sector. These factors could significantly influence the forecast and actual production levels moving forward.
