In 2023, the import of combed wool in fragments to the UK stood at an estimated pre-pandemic level, witnessing a gradual recovery trend. From 2024 to 2028, forecasts project a steady year-on-year increase in import value, averaging an approximate annual growth. The growth ranges between 1.6% to 1.8% each year, suggesting a consistent upward trajectory driven by economic stabilization and increased demand for textile materials.
Future trends to monitor include:
- The impact of evolving trade agreements post-Brexit, possibly affecting import tariffs and supply chain efficiencies.
- Technological advancements in textile production that could alter demand dynamics.
- The implications of sustainability practices influencing wool sourcing and environmental policies.