The forecast for the UK's import of smoking tobacco shows a steady increase from 2024 to 2028, with values estimated to rise from 11.094 million kilograms to 12.712 million kilograms. In 2023, imports were around 10.7 million kilograms, indicating a gradual upward trajectory in volume with an anticipated year-on-year growth rate of approximately 3-3.5%.
- Expect continuous moderate growth in smoking tobacco imports.
- Focus on regulatory changes impacting trade policies and related taxes.
- Monitor shifts in consumer behavior towards alternative tobacco and nicotine products.
- Consider potential supply chain disruptions impacting import volumes.
