The UK's import of thin sheets (voiles) of glass fibres is projected to exhibit a declining trend from 2024 to 2028. In 2023, the value stood slightly higher, indicating a reduction in demand. By 2028, the import value is forecasted to decrease to $7.5934 million, with a CAGR of about -7.3% over the five-year period. Between 2024 and 2025, the year-on-year decline is projected at 7.2%, while subsequent years continue the downward trajectory.
Future trends to watch for:
- Potential shifts to domestic production due to technological advancements.
- Market disruptions from geopolitical changes affecting trade policies.
- Growing demand for sustainable and lightweight materials in construction and automotive industries might influence future imports.