The import of corsets and parts thereof to the UK is projected to decline steadily from 2024 to 2028, with an average year-on-year reduction of approximately 7% in volume terms. This decline indicates a consistent downward trend following the levels observed in 2023. The compound annual growth rate (CAGR) for the period from 2023 to 2028 is negative, reflecting a sustained decrease in import volumes. The demand appears to be diminishing over this half-decade forecast.
Future trends to watch for include:
- Shifts in consumer preferences towards alternative garments or local production.
- Potential impacts of trade policies and tariffs post-Brexit which may further influence import volumes.
- Technological advancements in manufacturing that might impact production efficiency and costs.