From 2013 to 2023, the UK market for Women's and Girls' knitted or crocheted articles experienced fluctuations in per capita volume. The volume peaked in 2016, followed by a declining trend, reaching 3.73 in 2023. The period between 2019 and 2021 showcased significant variations with a recovery in 2021 post-pandemic. The Compound Annual Growth Rate (CAGR) over the last five years indicates a decline, reflecting changing consumer behaviors and market saturation.
Future trends to watch for include:
- Enhanced focus on sustainable and eco-friendly textiles.
- Increased demand for multifunctional and comfort-focused apparel.
- Impact of e-commerce growth and digital marketing on consumer purchasing patterns.
- Possible influence of economic conditions on discretionary spending in fashion categories.