Woolen Yarn Market Overview in the United Kingdom
In value terms, woolen yarn production reduced to $ in 2018 estimated in export prices. In general, production recorded a drastic downturn. The pace of growth appeared the most rapid in 2011 when the production volume increased by % against the previous year. Woolen yarn production peaked at $ in 2007; however, from 2008 to 2018, production remained at a lower figure.
The size of the woolen yarn market in the UK shrank to $ in 2018, falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a noticeable shrinkage. The pace of growth was the most pronounced in 2011 with an increase of % against the previous year. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.