The total fibreboard imports to the UK for 2023 were approximately 1.08 million cubic meters. The forecast data from 2024 to 2028 suggests a steady annual growth, with imports expected to rise from 1.1 million cubic meters in 2024 to 1.16 million cubic meters by 2028. The year-on-year growth percentages range from 0.9% to 1.8%, reflecting a modest upward trend. The compound annual growth rate (CAGR) over this five-year period is approximately 1.5%, indicating a consistent, albeit slow, increase in imports.
Future trends to watch for include:
- Impact of sustainability regulations on supply chain and production costs.
- Changes in domestic demand for fibreboard due to construction and manufacturing needs.
- Tariff adjustments post-Brexit that could affect import volumes and prices.