In 2023, the import of hot, or combination hot-cold, metal rolling mills to the UK stood at a certain volume. From 2024 onwards, a consistent declining trend is projected, with volumes decreasing year-on-year. By 2028, the import volume is expected to decrease by approximately 11.23% from 2024 levels, highlighting a continual reduction in imports over these years. The compound annual growth rate (CAGR) analysis reflects an average decline of 3.06% per year over the five-year forecast period.

Future trends to watch for include:

Technological advancements in domestic manufacturing which may reduce dependency on imports.
Potential shifts in trade policies post-Brexit that could influence import volumes.
Fluctuating demand for metal products in the UK’s industrial and construction sectors.