The import of wheels, including parts and accessories for motor vehicles into the UK, is projected to steadily increase from 2024 to 2028. Starting from 136.68 million kilograms in 2024 and reaching 143.25 million kilograms by 2028, this represents a consistent growth. In 2023, the import volume stood at 135.15 million kilograms. Over this period, the year-on-year growth reflects a pattern of gradual increments, with an average annual growth rate (CAGR) of approximately 1.2%.
Future trends to monitor include:
- Technological advancements in wheel production, which may affect volume and sourcing of imports.
- Regulatory changes impacting imports and automotive industry standards.
- Shifts in UK consumer demand for types and styles of vehicles impacting the mix of parts imported.
- Brexit-related trade policies that could influence import dynamics and costs.
