Consumption of cotton yarns by the UK is projected to increase at a 1.1 per cent CAGR to 7.7,000 tons from 2024-2035. This growth will mostly be driven by consistent demand, despite recent declines. The total value of the UK cotton yarn market is projected to grow to $43 million by 2035.
In 2024, UK’s total cotton yarn consumption declined by 6.7 per cent to 6.8000 tons while revenues in the market declined by 12.2 per cent to $38 million.
Domestic production of cotton yarn in the UK remains minimal, with approximately 32 tons produced in 2024, mirroring the previous year. Production has steadily decreased over the past decade.
To meet its cotton yarn demand, the UK relies heavily on imports. In 2024, its imports declined by 8.6 per cent to 7.8000 tons, valued at $45 million. Key suppliers include Pakistan, Spain, and Turkey, with Egypt, Turkey, and India leading in value. The majority of imports are non-retail cotton yarn, both containing less than and more than 85 per cent cotton. Import prices averaged $5,719 per ton, varying significantly by product type and country of origin, with Egypt commanding the highest prices.
Exports of cotton yarn by the UK declined by 19.9 per cent to 1,000 tons to $38 million in 2024. Major export destinations included the United States, Lithuania, and Turkey. Notably, France witnessed the most significant growth in exports. Despite recent downturns, the UK cotton yarn market is expected to experience gradual growth, driven by consistent demand and strategic import relationships. However, domestic production remains low, and the market is heavily reliant on international trade.