The forecast indicates a consistent decline in the import of silk yarn to the UK from 2024 to 2028, with values dropping from 35.53 to 14.75 thousand kilograms. Comparing the forecasted years, there is a noticeable year-on-year decrease in imports. The Compound Annual Growth Rate (CAGR) reveals a significant reduction in silk yarn import volumes over this period. Current data does not provide specifics for 2023 to reflect on past volumes.
Future trends to watch for:
- Potential shifts in global silk production impacting availability and prices.
- Changing consumer preferences towards alternative fabrics may further decrease demand.
- Trade policies and tariffs affecting import economics for silk yarn.