The import of lead ores and concentrates to the UK is projected to decrease from 887.04 thousand kilograms in 2024 to 612.32 thousand kilograms in 2028. This represents a significant decline over the five-year period. Year-on-year, the imports are expected to drop from 2024 to 2025 by approximately 8.0%, from 2025 to 2026 by 8.5%, from 2026 to 2027 by 9.1%, and from 2027 to 2028 by 9.8%. The compound annual growth rate (CAGR) from 2024 to 2028 is a negative 9.1%, indicating a consistent downward trend over these years.
Future trends to watch for include:
- Potential shifts in global supply chain dynamics that could impact import volumes.
- Changes in UK policy regarding sustainability and resource management that may influence demand for imported lead ores.
- Technological advancements in recycling that could reduce reliance on imported raw materials.
- Market volatility based on geopolitical relationships that affect trade agreements and tariffs.
