The number of persons employed in the preparation and spinning of textile fibres in the UK was 2.42 thousand in 2023. The forecast for the years 2024 to 2028 shows a consistent decline. Year-on-year, employment decreases by 3.8% in 2024, followed by a decline of 3.8% in 2025, 4% in 2026, 4.2% in 2027, and 3.9% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 reveals an average annual decrease of approximately 3.94%.
Future trends to watch for:
- Automation and technological advancements may further reduce employment in the textile industry.
- Sustainability initiatives could impact fibre production, influencing employment needs.
- Global economic factors and trade policies might play a role in labor demand shifts.