shrinkage

[shring-kij]
noun
1.
the act or fact of shrinking.
2.
the amount or degree of shrinking.
3.
reduction or depreciation in quantity, value, etc.
4.
contraction of a fabric in finishing or washing.
5.
the difference between the original weight of livestock and that after it has been prepared for marketing.
6.
Commerce. loss of merchandise through breakage, pilferage, shoplifting, etc.

Origin:
1790–1800; shrink + -age

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
shrinkage (ˈʃrɪŋkɪdʒ)
 
n
1.  the act or fact of shrinking
2.  the amount by which anything decreases in size, value, weight, etc
3.  the loss in body weight during shipment and preparation of livestock for marketing as meat
4.  the loss of merchandise in a retail store through theft or damage

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
As the meringue cools, the air in the bubbles contracts and causes slight
  shrinkage.
Temporary tumor shrinkage through chemotherapy has never been shown to cure
  cancer or to extend life.
Among polyester's properties are that it holds its shape, is quick to dry and
  resists wrinkling and shrinkage.
There could two main reasons for the fast shrinkage, the team says.
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