The UK underwear market saw fluctuations from 2012 to 2022. Starting at €6.5731 billion in 2012, its value declined through 2013-2018 due to economic uncertainties and shifts in consumer preferences, reaching a low of €5.1599 billion in 2020, largely impacted by the COVID-19 pandemic. A recovery began in 2021 with a 20.43% year-on-year increase. Although there was a slight decline (-0.043%) in 2022, by 2023 the market had stabilized around €6.2113 billion.
Recent trends over the last two years highlight a significant recovery post-pandemic. Despite a 0.043% decline in 2022, the market had shown robust recovery in 2021 with a 20.43% rise. Over the past five years, the compound annual growth rate (CAGR) stood at -0.46%, reflecting the overall market volatility.
Future trends to watch for include:
- Growing sustainability and eco-friendly concerns influencing material choices.
- Expansion in men’s underwear ranges and inclusive sizing.
- Increased online retailing and direct-to-consumer models.
How does the United Kingdom rank in Underwear Market Size Value?
| # | 18 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 6,208,700,000 | 2023 | -0.042% | +0.79% | |
| 2 | 2 France | 5,600,400,000 | 2023 | +5.54% | +1.8% | View data |
| 3 | 3 Germany | 5,596,300,000 | 2023 | +1.71% | -1.11% | View data |
| 4 | 4 Spain | 3,301,500,000 | 2023 | -0.71% | -0.33% | View data |
| 5 | 5 Italy | 2,007,000,000 | 2023 | -3.1% | -3.2% | View data |
