The forecast for the UK's import of unwrought zinc shows a declining trend from 2024 to 2028, with values decreasing from 94.682 million kilograms to 89.551 million kilograms. Compared to 2023, where imports stood at 95.219 million kilograms, the year-on-year decreases are relatively mild, with a noticeable decrease in volume by around 1.39% in 2024, and continuing declines averaging about 1.38% each year thereafter. The Compound Annual Growth Rate (CAGR) over the 5 years suggests a consistent average annual decrease of 1.39%.
Looking forward, potential factors influencing future zinc imports include fluctuations in global zinc supply and demand, changes in UK industrial activity levels, and shifts in trade policies post-Brexit. External factors like global economic conditions and advancements in recycling technology may further impact the import requirements and prices of unwrought zinc.
