The UK import of Phthalic Anhydride is forecasted to decline steadily from 2024 through 2028. Starting at 9.6844 million kilograms in 2024, the volume is projected to decrease to 8.2549 million kilograms by 2028. Compared to 2023, the 2024 volume indicates a continuing trend of decreasing imports. The year-on-year variation shows a roughly consistent decline of around 4% annually. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028, is expected to reflect a negative trend, emphasizing a contraction in the market size.
Future trends to watch for:
- Global supply chain disruptions or stabilization affecting import volumes.
- Changes in UK domestic production capabilities or regulations impacting demand.
- Economic conditions influencing the chemical industry's consumption patterns.
