In 2023, the import volume of gum, wood, or sulphate turpentine oils, pine oil, and similar products to the UK stood at 1,000 thousand kilograms. The forecasted data indicates a consistent decline from 2024, starting at 947.28 thousand kilograms, down to 685.86 thousand kilograms by 2028. This equates to year-on-year reductions of 7.1% in 2025, 7.5% in 2026, 8.0% in 2027, and 8.5% in 2028. The compound annual growth rate (CAGR) shows an average decrease of approximately 7.7% over the forecast period from 2024 to 2028.
Future trends to watch include potential shifts in market demand influenced by environmental regulations and sustainable sourcing practices. Additionally, technological advancements in substitutes or alternatives may further impact import volumes.
