Key Market Indicators
The revenue from British computer hardware is projected to decline to approximately €2 billion by 2028, down from €2.1 billion in 2023. This represents an average annual decrease of 0.6%. Over the past decade, the British market has seen an average yearly decline of 2%. In 2023, the United Kingdom held the third position in the European market, with Germany overtaking it with a similar revenue of €2.1 billion. Germany, the United Kingdom, and Italy were ranked second, third, and fourth, respectively, in this sector. In terms of imports, British computer hardware imports are expected to drop to nearly $1.94 billion by 2028, from $2 billion in 2023. This corresponds to an average annual decline rate of 0.6%. Since 1998, the UK's demand for imported computer hardware has decreased by an average of 0.7% annually. On the export front, British computer hardware exports are anticipated to fall to about $204 million by 2028, down from approximately $367 million in 2023. This marks a significant average annual decline of 9.4%. Since 1998, the UK's supply of exported computer hardware has diminished by an average of 7.1% per year.
