The import of not knitted or crocheted women's and girls' suits of cotton to the UK is projected to decline significantly. With 249.54 thousand kilograms in 2024, the forecast suggests a decrease year-on-year, with 196.3 by 2025, 144.13 by 2026, 93.01 by 2027, and 42.9 by 2028. This marks a sharp downtrend compared to the past actual data up to 2023.
Key variations:
- 2024 to 2025: -21.3%
- 2025 to 2026: -26.6%
- 2026 to 2027: -35.5%
- 2027 to 2028: -53.9%
- Shifts in consumer preferences towards alternative materials or styles.
- Impact of trade policies and agreements on textile imports.
- Technological advancements in textile production and sourcing.
- Economic factors influencing the purchasing power and fashion industry trends in the UK.
Overall, the CAGR from 2024 to 2028 is approximately -34.9%. This consistent decline reflects changing market dynamics, potential decreases in demand, or shifts in sourcing strategies.
Future trends to watch for:
