In 2023, the import value of flat plate, sheet, and strip of copper-zinc alloy to the UK stood at approximately 13.25 million US Dollars. From the forecasted data, a declining trend is notable from 2024 onwards. The forecast indicates a gradual decrease from 13.154 million in 2024 to 12.774 million in 2028, showing a consistent downward trajectory.
Year-on-year comparison for 2024 to 2025 shows a slight decrease of about 0.75%, while another similar decline can be noted for 2025 to 2026. Over the five-year period, the compound annual growth rate (CAGR) indicates an average annual decrease in import value, reflecting a slight but consistent shrinking market.
Future trends to watch for include:
- Shifts in the global supply chain and their impact on the availability and price of copper-zinc alloys.
- Technological advancements affecting the demand for copper-zinc products in the UK.
- Regulatory changes and trade policies that could influence import tariffs and market accessibility.