The import of yarn of combed wool to the UK is projected to grow steadily from 2024 to 2028, increasing from $103.25 million to $107.82 million. In 2023, imports stood at $102 million, illustrating consistent annual growth. The year-on-year growth rate varies between approximately 1.1% and 1.2% over this period. The compound annual growth rate (CAGR) over these five years is anticipated to be around 1.3%, indicating a moderate and stable upward trend.
Future trends to watch include potential trade policy changes, which may affect import dynamics. The increasing focus on sustainability and the demand for eco-friendly materials could influence both supply and demand in the wool industry.
