In 2023, the import of wood screws of iron or steel, excluding coach screws, to the UK stood at 30.100 million kilograms. From 2024 to 2028, the import volume is forecasted to gradually increase, reaching 32.462 million kilograms in 2028. This represents a consistent annual growth, with a compound annual growth rate (CAGR) of approximately 1.5% over the five-year period. Year-on-year growth varies slightly, highlighting steady and moderate demand in the UK market.
Future trends to watch for include:
- Potential impacts of trade policies post-Brexit, which may affect imports.
- Technological advancements in construction that might influence screw material preferences.
- Environmental regulations encouraging sustainable sourcing practices in steel production.
- Global economic conditions potentially affecting commodity prices and trade volumes.