The import of knitted or crocheted men's and boys' ensembles of cotton to the UK is forecasted to decrease from 2024 to 2028. Starting at 567.94 thousand in 2024, a decline to 409.52 thousand is anticipated by 2028. In 2023, imports stood at 587.61 thousand, indicating the forecasted drop is both significant and sustained.
Year-on-year, the expected decline between consecutive years ranges from approximately 7.2% to 9.4%. The compound annual growth rate (CAGR) over the five years, forecasting a steady decrease, registers at approximately -7.9%.
Future trends to watch for:
- Potential impact of trade policies and agreements post-Brexit on cotton imports.
- The influence of sustainable fashion trends on demand for cotton ensembles.
- Shifts in consumer preference towards alternative materials or styles.