The import of knitted or crocheted women's and girls' skirts of wool or fine animal hair to the UK in 2023 stood at approximately 2.396 million USD. From 2024 onward, a declining trend is forecasted, with imports projected to decrease by an average of 4% year-on-year, reaching 2.0265 million USD by 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is estimated at -3.3%.
Future trends to watch for:
- Shifts in consumer preferences towards sustainable and ethical fashion.
- Potential trade policy changes impacting import tariffs or regulations.
- Economic conditions affecting consumer purchasing power and demand for luxury textiles.
- Technological advancements in textile manufacturing.