The import of steel tubes and pipes of non-circular cross-section, welded with an external diameter less than 406.4 mm to the UK is forecasted to experience a steady growth from 2024 to 2028. Starting at 203.63 million kilograms in 2024, imports are expected to increase incrementally each year, reaching 207.21 million kilograms by 2028. Compared to 2023, this indicates modest growth, with the year-on-year increases ranging from approximately 0.45% to 0.43%. The compound annual growth rate (CAGR) over these five years is expected to be consistent and positive, though relatively low.
Future trends to watch for include potential impacts of global supply chain disruptions, changes in UK construction and manufacturing demand, as well as tariffs or trade policies post-Brexit that could affect import volumes. Monitoring these areas will be crucial for predicting further deviations from the projected growth path.
