Forecast: Import of Felt to the UK

The UK import of felt is projected to decline from $20.566 million in 2024 to $14.44 million by 2028, reflecting a steady decrease over this period. This represents a noticeable negative trend with an overall downward trajectory of approximately 30% across five years. In comparison, the import value was higher in 2023, marking a consistent year-on-year decline and indicating decreasing demand or increased domestic production.

Future trends to watch for include:

• Potential shifts in global market supply chains impacting felt availability and costs.
• Policy changes or economic conditions influencing UK import tariffs or restrictions.
• Innovations in alternative materials that might substitute felt usage in traditional industries.