The production of wool degreased or carbonised, not carded or combed in the UK has shown a significant downward trend from 2016 to 2020, with volumes decreasing from approximately 598.29 thousand kilograms to 82.54 thousand kilograms. This represents a consistent year-on-year decline, accelerating sharply over the last few years leading into 2020. The compound annual growth rate (CAGR) over this period has been negative, illustrating a drastic reduction in production levels. By 2023, the production levels remained low and were indicative of stabilization at these reduced volumes.
Future trends to watch for include:
- Potential impacts of sustainable and ethical sourcing practices which could spur demand for wool if aligned with consumer preference shifts.
- The effects of technological advancements on production efficiency and output quality.
- Market diversification opportunities, especially in high-value markets which could provide incentives for increased production or maintain a competitive edge.
