The forecasted exports of wearing apparel from Thailand to the UK show a declining trend from 2024 to 2028. In 2023, the actual export value stood at 40 million USD. The year-on-year variations indicate significant declines:
- 2024 to 2025: -20.9%- 2025 to 2026: -25.9%- 2026 to 2027: -34.2%- 2027 to 2028: -50.9%
Overall, the Compound Annual Growth Rate (CAGR) from 2024 to 2028 is anticipated at -33.9%, highlighting a sharp downtrend in exports.
Future trends to watch for include changes in trade policies between Thailand and the UK, shifts in consumer demand for Thai apparel, and potential diversification of export markets by Thai manufacturers to mitigate the declining trend.
