The UK market for knitted or crocheted pile fabric, valued at $117.42 million in 2023, has seen fluctuations over the past decade. The market peaked in 2015, but a significant decline began in 2016, with partial recovery noted in 2020. However, since 2021 there has been a consistent decline, including a 1.49% year-on-year decrease in both 2022 and 2023. Despite these recent declines, the five-year compound annual growth rate from 2018 to 2023 remains slightly positive at 0.34%.
Future trends to watch for include:
- Impact of sustainable practices and eco-friendly materials on production and demand.
- Technological advancements and innovations in material design and manufacturing processes.
- Economic factors and trade policies affecting the UK's textile import and export markets.
- Consumer preference shifts towards aesthetic and functional aspects of knitted or crocheted textiles.
| # | 19 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 1,021,400,000 | 2023 | +4.22% | +3.63% | View data |
| 2 | 2 Colombia | 266,760,000 | 2023 | +4.01% | +4% | View data |
| 3 | 3 Spain | 144,580,000 | 2023 | +1.22% | -1.03% | View data |
| 4 | 4 Germany | 117,890,000 | 2023 | -6.44% | -5.29% | View data |
| 5 | 5 United Kingdom | 117,420,000 | 2023 | -1.49% | +0.34% | |
| 6 | 6 Sri Lanka | 104,800,000 | 2023 | +3.84% | +4.14% | View data |
| 7 | 7 Japan | 96,426,000 | 2023 | -3.27% | -2.81% | View data |
