The forecast for the UK's import of paper, paperboard, cellulose wadding, and webs of cellulose fibers shows a consistent decline in volume from 2024 to 2028. In 2023, the imports stood at 296 million kilograms. From 2024, a gradual reduction can be observed: the imports drop from 294.47 million kilograms in 2024 to 289.54 million kilograms by 2028, indicating a steady downward trend.
This represents a year-on-year percentage decrease as follows:
- 2024 to 2025: -0.43%
- 2025 to 2026: -0.42%
- 2026 to 2027: -0.42%
- 2027 to 2028: -0.41%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately -0.42%, illustrating a gradual yet persistent decline.
Future trends to watch for include technological advancements in recycling and sustainability efforts which could affect demand for imported raw materials. Additionally, any changes in trade policies post-Brexit may further impact import volumes.
