The import value of knotted carpets made of wool or fine animal hair to the UK is projected to decrease from $11.826 million in 2024 to $7.2367 million in 2028. This represents a continuous year-on-year decline, with an approximate reduction rate of 10% each year from 2024 to 2028. Compared to the actual values of 2023, the import value has been on a declining trend, with notable reductions in both 2024 and 2025. The compound annual growth rate (CAGR) over this period highlights a negative trajectory for this sector, indicating dwindling demand or increased domestic competition.

Future trends to watch for include:

Potential shifts in consumer preferences towards sustainable or locally produced alternatives.
Impacts of trade policies and tariffs on import dynamics.
Technological advancements in carpet manufacturing that could affect import needs.