In 2023, the UK imported raw or retted flax fibre worth approximately USD 7.60 thousand. The forecasts from 2024 to 2028 indicate a declining trend in imports. The year 2024 projects a value of USD 6.94 thousand, decreasing to USD 4.23 thousand by 2028. Year-on-year, the market is expected to contract continuously, reflecting shifts in market dynamics or changing consumption patterns.
- From 2024 to 2025: Decline of 9.94%
- From 2025 to 2026: Decline of 11.04%
- From 2026 to 2027: Decline of 12.06%
- From 2027 to 2028: Decline of 13.50%
Over the five-year period, the compounded annual growth rate (CAGR) shows a decline of 13.84% in UK flax fibre imports.
Future trends to watch include the UK's exploration of sustainable materials and shifts in demand for flax-based products, which may impact import strategies and volumes. Monitoring trade negotiations and tariffs might also provide insights into further changes in import patterns.
