The import of pile fabrics, terry fabrics, knitted or crocheted to the UK is projected to see a declining trend from 2024 to 2028, with the volume expected to decrease each year. This reflects a consistent decrease in import volumes each year, likely a result of factors such as potentially diminishing demand or increased domestic production. The volume stood at 3.5371 million kilograms in 2024, with a year-on-year decrease of about 2.7% annually. The projected compound annual growth rate (CAGR) over this five-year period underscores a gradual reduction in imports.
Future trends to watch for include:
- Changes in domestic manufacturing capabilities that might reduce dependency on imports.
- Consumer trends favoring sustainable or alternative fabrics that could impact demand.
- Trade policy shifts affecting import costs and logistics, potentially altering import volumes.