The IT hardware export forecast for the UK indicates a steady decline from 2024 through 2028. The values expressed as a percentage of goods exports start at 2.61% in 2024, reducing annually to 2.31% in 2028. This represents a fall from the 2023 level, which stood at approximately 2.70%. The year-on-year percentage decrease reveals a consistent negative trend, with expected diminishing returns impacting the sector over the coming years. The compound annual growth rate (CAGR) for this period reflects a continuation of this downtrend, averaging a contraction in the share of goods exports.
Future trends to watch for include technological advancements in manufacturing, potential trade adjustments post-Brexit, and evolving market demands, which may influence the export dynamics. Staying abreast of these factors will be crucial in forecasting adjustments and opportunities in the UK’s IT hardware export sector.
