The UK's sold production of iron or steel flexible tubing witnessed significant fluctuations over the past decade, peaking in 2015 at nearly 96 million euros. Post-2015, there was a sharp decline, notably in 2016 with a year-on-year drop of over 42%. The market stabilized somewhat thereafter, albeit with minor year-to-year variations, especially between 2019 and 2023. By 2023, the market stood at just over 57 million euros, reflecting a modest annual growth rate of 0.42% compared to the previous year.

Looking ahead, the forecast up to 2028 suggests a gradual and steady growth at an average annual CAGR of 0.34%, with the market expected to rise by an overall rate of 1.71% over the next five years. Key drivers of this trend may include technological advancements in tubing materials and increased demand across various industrial sectors.

Future trends to watch for:

Technological innovations in production methods and materials.
Fluctuations in demand from key industries, such as automotive and construction.
Economic factors and trade regulations affecting the steel market.