The UK import of knotted carpets of wool or fine animal hair is projected to decline steadily from 931.19 thousand kilograms in 2024 to 636.12 thousand kilograms in 2028. This forecast indicates a consistent reduction in volume, showing a year-on-year average decrease of 8.6%. In previous years, the UK imported 1001.47 thousand kilograms in 2023, with a notable decline trend projected forward. The five-year CAGR reflects a negative growth rate, emphasizing a significant contraction in imports over time.
Future trends to monitor include the impact of sustainable initiatives, which could potentially reverse the demand contraction. Additionally, changes in consumer preferences for sustainable or locally produced options and any trade policy updates post-Brexit may alter the import dynamics for knotted carpets in the UK.
