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Definition of shrinkage:

  1. Decrease in value; depreciation.
  2. The act of shrinking; a contraction into less bulk or measurement.
  3. The amount of such contraction; the bulk or dimension lost by shrinking, as of grain, castings, etc.

Synonyms:

falloff, thin, dent, cut, collapse, retract, fall, depression, contract, abatement, compact, cutback, slump, decline, shrinking, wax and wane, constrict, shoplifting, plunge, drop-off, drop, shrink, step-down.

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