The import of mounted piezo-electric crystals to the UK is projected to decline steadily from 218.97 thousand kilograms in 2024 to 180.92 thousand kilograms in 2028. This forecast shows a consistent annual decrease and a broader trend of declining imports over the five-year period. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is negative, reflecting an average yearly reduction.
Year-on-year growth rates also demonstrate a continual decrease, highlighting a downward trend that may be influenced by factors such as advancements in domestic manufacturing, shifts in demand, or global market changes. Notably, in 2023, the import quantity stood below forecasts for 2024, indicating potential changes in supply chains or market needs.
Future trends to watch for include:
- Technological advancements that could reshape the production and necessity of imported piezo-electric crystals in the UK.
- Potential policy changes affecting import regulations and tariffs.
- Competitive shifts in global suppliers that might impact import costs and volumes.
