The sold production of rubberised textile fabrics in the UK saw a relatively stable performance from 2013 to 2017, hovering around the 24-25 million euros mark. This changed significantly in 2018, marking a steep decline of over 20%. Although there were minor recoveries in 2019, the market continued its downtrend, evidenced by the substantial 20% drop in 2020, followed by a slight recovery and then a continuing decline.
From 2021 to 2023, a mild recovery was observed, yet the figures remained below the pre-2018 levels. By 2023, the market stood at 18.279 million euros. The year-on-year variation over the last two years shows a consistent decline of slightly over 3% annually, and the CAGR for the last five years reflects a decrease of approximately 1.64% annually.
Looking into the future, from 2024 onwards, projections indicate a continuous decline. The forecasted CAGR from 2023 to 2028 is -3.06%, projecting a 14.38% cumulative reduction. By 2028, the sold production is expected to further decrease to approximately 15.073 million euros.
Future trends to watch for include advancements in alternative materials and technologies that may influence market demand, economic shifts, and any regulatory changes impacting production and usage of rubberised textile fabrics.
