The forecasted import of rubber tyres and tubes to the UK shows a consistent decrease from 2024 to 2028. In 2024, the volume is projected to be 1.8064 million kilograms, down from the actual figure for 2023. The year-on-year percentage change indicates continuous decline: -9.67% in 2025, -10.50% in 2026, -11.49% in 2027, and -12.72% in 2028. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is approximately -11.63%, reflecting a significant downward trend.
Trends to watch for in the future include changes in automotive manufacturing practices, such as a shift towards electric vehicles and advances in tyre recycling technologies. Additionally, policy changes regarding import tariffs and regulations could also influence the import volumes of rubber tyres and tubes to the UK.
