In 2023, the import of unvulcanised rubber compounded with carbon black or silica to the UK stood at approximately 132.6 million USD. The forecast from 2024 onwards shows steady growth with imports projected to reach 153.41 million USD by 2028, indicating a compound annual growth rate (CAGR) of approximately 3.1% over this period. Year-on-year percentage increases hover around 3-3.5%, reflecting stable demand and growth in the sector.
Future trends to watch for include the impact of technological advancements in rubber compounding, potential trade policy changes post-Brexit, and the influence of sustainability trends on sourcing and import levels. Additionally, economic developments and currency fluctuations will play crucial roles in shaping the import landscape.
