The forecast data for the UK's ores and metals imports indicates a gradual decline in its share of goods imports from 2024 to 2028, beginning at 3.11% in 2024 and decreasing to 2.93% by 2028. Over the past couple of years, a slight annual decrease is noted, marked by a 1.6% drop from 2023 to 2024. The Compound Annual Growth Rate (CAGR) for the forecast period reflects an annual average decrease of around 1.3%. In 2023, the value stood slightly above 3.1% of goods imports.

Future trends to watch for:

Global economic conditions influencing mineral demand.
Technological advancements in recycling and materials science reducing import dependence.
Potential changes in trade policies and agreements post-Brexit affecting import dynamics.