The import of men's or boys' suits, jackets, and trousers not knitted or crocheted to the UK is projected to steadily decline from $2.072 billion in 2024 to $2.0133 billion in 2028. In 2023, the actual import value stood at approximately $2.088 billion. The annual year-on-year decrease averages around 0.75%, reflecting a consistent downward trend over the forecast period. The compound annual growth rate (CAGR) over five years is negative, highlighting a robust decline in imports.
Future trends to watch for include shifts towards sustainable and ethically-produced garments, which may affect preference for non-knitted varieties. Additionally, global trade agreements and economic policies may influence import volumes significantly.
