In 2023, the sold production of knitted or crocheted fabrics in the UK reached 137.45 million euros. Forecast data from 2024 to 2028 indicates a declining trend in this sector. In 2024, the value is projected to be 135.36 million euros, dropping by 1.53% from the previous year. The downward trend continues with a 1.49% decrease in 2025, 1.49% in 2026, 1.48% in 2027, and 1.47% in 2028, reaching 127.51 million euros. Over the last two years, the sector has seen a shrinkage, and the Compound Annual Growth Rate (CAGR) over the five-year period is -1.47%.
Future trends to watch for in the knitted or crocheted fabrics market include technological innovations in fabric production, shifts in consumer preferences towards sustainable textiles, and potential impacts of Brexit on trade and supply chains.
