The UK market for women's or girls' briefs and panties of knitted or crocheted textiles is projected to decline steadily from 2024 to 2028, with a per capita value decreasing from 3.11 to 2.83. In 2023, the market stood at an estimated volume close to this initial forecast for 2024, signifying a downward trend in per capita volume over these years. The decline from 2024 to 2025 is approximately 2.25%, with subsequent annual reductions around 2.30% in the following years. Over the entire forecast period, the compound annual growth rate (CAGR) reflects a consistent negative growth trend.
Future trends to watch for include:
- Shifts in consumer preferences towards sustainable and eco-friendly materials potentially impacting traditional markets.
- Continued influence of fast fashion and e-commerce on purchasing behaviors.
- Technological advancements in textile production affecting supply and demand dynamics.
- Potential economic factors influencing consumer spending power in the apparel sector.
