The UK’s import of cigarette paper in the form of booklets or tubes is projected to grow steadily from 2024 to 2028. In 2023, the import volume stood at a lower benchmark compared to the forecast starting in 2024. The year-on-year growth rate demonstrates a consistent increase, reflecting a moderate upward trend. Specifically, each subsequent year between 2024 and 2028 shows an approximately 1.8% to 1.9% annual growth. The forecasted compound annual growth rate (CAGR) over this five-year period further consolidates the average annual increase, indicating sustained demand.
Future trends to watch:
- Changes in regulatory measures on smoking could impact import volumes.
- Shifts in consumer preferences towards eco-friendly products.
- Potential market disruptions from technological advancements in smoking alternatives.