The data on underwear wages and salaries in the UK from 2013 to 2023 shows a consistent downward trend. In 2023, the value stood at 10.1 million euros, which marks a significant decline from the peak of 43.1 million euros in 2013. The year-on-year percentage variations have reflected continuous decreases, with recent years showing sharper declines: -11.45% in 2022 and -12.93% in 2023. The 5-year CAGR further reflects this trend with a -9.89% decline.

The forecast for 2024-2028 indicates a continued steep decline in wages and salaries, with a forecasted 5-year CAGR of -21.71% and an overall drop of 70.59%. This projection suggests that by 2028, the value may fall to 2.5 million euros.

Future trends to watch for:

Continuous monitoring of industry shifts and technological disruptions that may further influence wage trends.
Potential impact of economic policies and labor market changes on wages and salaries in the textile and apparel sector.
Adoption of automation and its implications on workforce and wages in the industry.