The UK market for Men’s or Boys’ Shirts of Textile Fabric Not Knitted or Crocheted has shown a decline over the past decade, with a volume per capita decreasing from 1.26 in 2013 to 0.93 in 2023. Over the last two years, the market has shown negative year-on-year variations, with a decrease of around 4% from 2021 to 2023. The compound annual growth rate (CAGR) over the last five years is negative, indicating an average yearly decrease in market size.
Future trends to watch for include:
- Potential rebound in consumer spending and economic recovery post-pandemic.
- Shifts in fashion trends and consumer preferences towards sustainable or alternative clothing materials.
- Impact of online retail and changes in brick-and-mortar retail strategies.
