The re-importation of non-knitted or crocheted women's and girls' overcoats, capes, or cloaks made from wool or fine animal hair to the UK is forecasted to steadily decline from 2024 to 2028. In 2023, the value stood at 5.06 thousand. Forecasted values decrease year-on-year: 4.54 thousand in 2025, 4.03 thousand in 2026, 3.53 thousand in 2027, and 3.04 thousand in 2028. This trend represents a compound annual growth rate (CAGR) indicating a consistent downturn over the 5-year span.
Future trends to watch for include changes in consumer preferences towards sustainable and locally sourced materials, potential tariff changes post-Brexit, and evolving global trade dynamics impacting fabric costs and availability. The UK's emphasis on domestic production for environmental reasons could also further influence these import dynamics.
