In 2023, the UK imported not knitted or crocheted women's and girls' overcoats, capes, or cloaks of cotton valued at approximately 70.8 million USD. The forecasted data from 2024 to 2028 shows a gradual decline in imports, with the value expected to decrease from 69.194 million USD in 2024 to 63.571 million USD by 2028. The annual variation indicates a consistent downward trend, averaging a year-over-year decrease of around 1.5%. Over the five-year forecast period, the compound annual growth rate (CAGR) is projected to be approximately -1.4%, highlighting a steady reduction in imports.
Future trends to watch include fluctuations in consumer preferences towards alternative materials, potential trade policy changes affecting import tariffs, and the influence of sustainability campaigns on the demand for cotton-based outerwear. Additionally, global economic shifts or disruptions in supply chains could impact these projections.
