The UK import volume of polyester-based paints, varnishes, in a non-aqueous medium, is forecasted to decline steadily from 9.8255 million kilograms in 2024 to 7.4496 million kilograms by 2028. Comparatively, in 2023, the import stood slightly above 10 million kilograms. The year-on-year decrease indicates a negative trend, with values dropping approximately 6-7% annually between 2024 and 2028. The compound annual growth rate (CAGR) over this forecast period reflects a gradual contraction in demand.
Future trends to watch for:
- The potential impact of evolving regulatory requirements on imports.
- Shifts in domestic production capabilities that could alter import needs.
- Changes in technology or consumer preferences that may influence demand for non-aqueous medium paints.
- Global economic conditions impacting the UK’s trade and import strategies.
