As of 2023, the import value of noils of wool or of fine animal hair to the UK was estimated at around 2.8 million US dollars. Forecasts indicate a steady increase in imports, with an expected growth to 3.24 million US dollars by 2028. This reflects a compounded annual growth rate (CAGR) of approximately 2.4% over the next five years.
Future trends to watch for:
- Market shifts in textile manufacturing and demands could significantly influence imports.
- Sustainability trends might boost demand for fine animal hair as eco-friendly materials.
- Economic factors such as currency fluctuations or trade agreements post-Brexit could impact import levels.