The UK market for women's and girls' knitted or crocheted textile articles is forecasted to decrease from 249.57 million in 2024 to 230.41 million by 2028. Assuming a market size of approximately 255 million in 2023, we observe a yearly decline of around 2% from 2024 onwards. Over the five-year period from 2024 to 2028, the market's Compound Annual Growth Rate (CAGR) is projected to be negative, indicating a consistent contraction.
Future trends to watch for:
- Increased sustainability demand prompting new product lines.
- Potential growth in e-commerce driving market changes.
- Changing consumer preferences towards versatile leisurewear.
