In 2023, the volume of the UK's fluid power equipment imports stood at approximately 9.700 million kilograms. Forecasts for 2024 to 2028 suggest a gradual increase, with projected volumes rising from 9.8516 million kilograms in 2024 to 10.498 million kilograms in 2028. The year-on-year growth rates reveal steady increments in import volumes, averaging around 1.5% annually over this period. The compound annual growth rate (CAGR) for fluid power equipment imports from 2024 to 2028 is projected at approximately 1.6%.
Future trends to watch for:
- Technological advancements in fluid power systems could alter import patterns, favoring high-tech equipment.
- Supply chain disruptions or improvements may impact import volumes.
- Environmental regulations and sustainability concerns influencing equipment specifications could shape future import trends.
- Potential shifts in trade agreements or tariffs post-Brexit may affect import dynamics.
