The import of iron or steel threaded articles (excluding screws, nuts, and bolts) to the UK is expected to show a steady decline from 2024 to 2028, starting from 18.393 million kilograms in 2024 and decreasing yearly to 14.097 million kilograms by 2028. This represents an average annual decrease of around 6.5% over the five-year forecast period. The year-on-year decline is consistent, highlighting a downward trend that began after 2023, with the volume in 2023 standing at approximately 19 million kilograms.
Future trends to watch for include potential shifts in UK manufacturing policies, changes in trade agreements post-Brexit, and possible emerging substitutes or technological advancements in construction that could alter demand. Monitoring global economic conditions and steel industry advancements will further provide insights into these import patterns.
