Summary
Strung along: Revenue is set to inch up only slightly in 2022-23 as inflationary pressure hold back sales
Abstract
Textile Weaving & Finishing in the UK
The Textile Weaving and Finishing industry has been in long-term decline, but this trend may reverse as the industry focuses more and more on high-quality niche product markets. Demand from key manufacturing markets, like clothing and soft furnishings, drives the performance of textile mills. The price of inputs like wool and cotton is also highly influential, dictating movement in textile weavers’ profitability.
This industry includes preparatory operations on textile fibres and the spinning of textile fibres, in addition to the weaving of textiles. These processes can be carried out with various raw materials, such as silk, wool and other animal, vegetable or man-made fibres. The industry also includes the finishing of textiles, which involves the bleaching, dyeing, dressing, drying, steaming and shrinking of textile products, yarns, fabrics and clothing.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
