The import of machinery for liquefying air or other gases to the UK is projected to decrease steadily over the next five years, declining from a forecasted volume of 553.6 thousand kilograms in 2024 to 489.07 thousand kilograms by 2028. Compared to actual imports, the trend shows a consistent downward trajectory, with notable year-on-year decreases. The anticipated compound annual growth rate (CAGR) across this period reflects a negative trend, indicating an average annual decline in import volumes, suggesting diminishing demand or increased domestic production capabilities.
Future trends to watch for include technological advancements in liquefaction machinery, potential shifts in domestic versus import sourcing strategies, and the impact of environmental regulations on air and gas technologies. Market responsiveness to geopolitical changes and economic factors influencing trade policies will also play a critical role in shaping these import patterns.
