Forecast: Import of Knitted or Crocheted Pullovers, Cardigans of Wool or Fine Animal Hair to the UK

The forecast for the import of knitted or crocheted pullovers and cardigans made from wool or fine animal hair to the UK from 2024 to 2028 shows a decreasing trend. Forecasts indicate a year-on-year decline with the import value expected to decrease from 18.478 million in 2024 to 16.571 million in 2028. This suggests a gradual decrease, averaging a compounded annual growth rate (CAGR) of negative growth over five years.

Future trends to watch for include:

  • Potential shifts in consumer preferences towards sustainable and locally-produced garments, which could further impact imports.
  • The impact of trade policies post-Brexit and any new trade agreements the UK enters.
  • Technological advancements in synthetic fiber production potentially affecting the demand for wool and fine animal hair products.

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