In 2023, the re-import of knitted or crocheted men's and boys' overcoats, capes, or cloaks of man-made fibers to the UK stood at a baseline, from which the 2024 forecast begins. The forecasted volumes see a consistent increase from 2024 to 2028, with a growth trajectory peaking at 190.76 kg by 2028.
Year-on-year percentage changes display a steady increase, indicating a positive trend in the demand or re-importation of these garments.
The compound annual growth rate (CAGR) over the forecast period suggests a healthy, stable increase annually, averaging a significant growth per year over the five-year period.
Future trends to watch for include potential shifts in fashion demands, government trade policies after Brexit, and the impact of global economic conditions which could influence production and re-importation volumes.
