In 2023, the UK's import volume of Vermiculite, Perlite, and Chlorites stood at approximately 22 million kilograms. From 2024 to 2028, a consistent year-on-year decline of 17% on average is forecasted, culminating in a significant reduction of nearly 74% over five years. This indicates a shrinking demand or shift towards domestic production, substitutes, or changes in industrial requirements.
Future trends to watch for include:
- Potential policy changes affecting import tariffs or environmental regulations.
- Technological advancements or alternative materials impacting demand.
- Economic shifts, influencing construction and agricultural sectors, major consumers of these minerals.