The gross value added per employee FTE in the UK wearing apparel sector is forecasted to rise from 76.3 thousand euros in 2024 to 82.9 thousand euros in 2028. Over this period, there is a consistent annual increase, with a year-on-year growth rate of approximately 2.2%. Between 2023 and 2024, the sector experienced notable growth, although the value for 2023 is unspecified in the forecast. The compound annual growth rate (CAGR) from 2024 to 2028 stands at roughly 2.2%, indicating a steady upward trend over these five years.
Future trends to watch for:
- Technological advancements in apparel production.
- Changing consumer preferences and increased demand for sustainable fashion.
- Impact of trade policies and economic conditions on the apparel industry.
