The United Kingdom observed a notable decrease in clothing imports in July 2023, with a year-on-year decline of 25.36%, totaling £1.245 billion. Additionally, textile fabric imports experienced a 12.17% drop, amounting to £476 million. In the same month, there was a decline in fiber imports, which fell to £34 million, despite maintaining a relatively stable month-on-month trend.
Looking at the first half of 2023, clothing imports in the UK totaled £7.838 billion.
The decline in clothing imports is likely due to a number of factors, including the rising cost of living, which is putting pressure on household budgets. Additionally, the war in Ukraine has disrupted supply chains and led to higher prices for raw materials.
It is unclear whether the decline in clothing imports will continue in the coming months. However, the trend suggests that UK consumers are becoming more cautious about their spending.