The import of wool grease and fatty substances into the UK is expected to decrease from 2024 to 2028. In 2023, the import stood at approximately 4.29 million kilograms. Forecasted data indicates a decline in volume over the coming years, showing a consistent year-on-year decrease from 2024 (4.1585 million kilograms) through 2028 (3.6205 million kilograms). This represents a compound annual growth rate (CAGR) of negative growth, reflecting reduced demand or market adjustments.
Future trends to watch for include:
- Changes in the UK’s textile industry, potentially driven by sustainability initiatives and alternative materials.
- Global market dynamics affecting supply and pricing of wool grease.
- Technological advancements that might influence production efficiency or demand for these substances.
