The import of not knitted or crocheted women's and girls' suits of cotton to the UK is projected to decline sharply over the next five years, beginning from 2024 to 2028. Starting from a forecast of 556,510 units in 2024, imports are expected to reduce annually, with a notable year-on-year decrease of 24.8% from 2025 to 2026, and a further significant drop by 46.9% from 2027 to 2028.
The consistent downward trend indicates a compound annual growth rate (CAGR) of -47.6% over the forecast period. In 2023, however, imports stood notably higher, suggesting a steep decline ahead.
Future trends to watch for include:
- Potential shifts in consumer preferences towards alternative materials or styles, impacting cotton suit demand.
- Trade policy changes post-Brexit that could influence import dynamics.
- Global economic factors like currency fluctuations affecting the cost and volume of imports.