The forecast for the production of men's or boys' shirts of textile fabric not knitted or crocheted in the UK shows a declining trend from 2024 to 2028, with values decreasing from 9.65 million euros to 3.70 million euros. This indicates a significant year-on-year reduction of 19.65% from 2024 to 2025, 18.55% from 2025 to 2026, 22.29% from 2026 to 2027, and 28.12% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is concerning, showing an annual decline of approximately 20.75%.
Future trends to watch for include:
- Shifts in consumer preferences towards casualwear and potentially away from formal or semi-formal attire, impacting shirt demand.
- Potential increase in domestic or international competitors leveraging cheaper production costs.
- Economic factors such as inflation and supply chain issues which may further depress production.