In 2023, the import value of marine outboard spark-ignition motors to the UK was around 14.36 thousand. The forecasted data from 2024 to 2028 shows a slight yearly decline, with values projected to decrease from 14.07 thousand in 2024 to 12.91 thousand in 2028. This reflects a general declining trend. A year-on-year analysis from 2025 to 2027 shows a consistent decrease of approximately 2% annually.
The compound annual growth rate (CAGR) from 2024 to 2028 is about -2.1%, indicating a steady but moderate decline over these years.
Future trends to watch for:
- Potential technological advancements or shifts in consumer preferences that could impact supply and demand dynamics.
- Regulatory changes or environmental concerns affecting the marine industry and possibly altering import practices.
- Global economic conditions and trade agreements that might influence UK import volumes and values.