In 2023, the UK imported knitted and crocheted hosiery at a volume of 56.59 million items. The forecast data from 2024 to 2028 indicates a steady decline in imports, with a notable drop from 53.408 million items in 2024 to 38.333 million items in 2028. Year-on-year analysis shows average decreases of 7.31% in 2025, 7.68% in 2026, 8.19% in 2027, and 8.71% in 2028. The compound annual growth rate (CAGR) over this five-year period reflects an average annual reduction of approximately 7.64%.
Future trends to monitor include potential shifts in domestic hosiery production, evolving consumer preferences towards sustainable options, and any trade policy changes that may influence import levels. Additionally, technological advancements in manufacturing and e-commerce developments could impact market dynamics.
