In 2023, the UK imported raw silk valued at approximately USD 1.16 million. Forecasts for the coming years show a gradual increase in imports from USD 1.189 million in 2024 to USD 1.298 million by 2028. This growth reflects a steady year-on-year increase ranging between 2.35% to 2.15% over the forecast period, suggesting consistent demand or a slight increase in silk imports.
Future trends to watch include:
- Global silk production changes, particularly in dominant producer countries like China and India.
- Fluctuations in international trade policies and tariffs that could affect import costs.
- Shifts in consumer preferences towards sustainable and ethical fashion influencing raw silk demand.