In 2023, the import value of woven fabric of glass fibres into the UK stood at 65.17 million US dollars. The forecast from 2024 to 2028 predicts a steady increase, with values rising from 65.968 to 68.067 million US dollars. This represents an average annual growth rate of approximately 0.8%, indicating a gradual upward trend in imports.
- The year-on-year percentage growth for 2024 is 1.22%, for 2025 is 0.82%, for 2026 is 0.80%, for 2027 is 0.77%, and for 2028 is 0.75%.
- The 5-year compound annual growth rate (CAGR) from 2023 to 2028 is approximately 0.88% per annum.
Future trends to watch include potential impacts from UK trade policies, shifts in global supply chains, and technological advancements in materials which could affect both demand and pricing structures. Monitoring geopolitical developments and currency fluctuations will also be crucial for assessing future import dynamics.
