In 2023, the re-import value of lamp and lighting fitting parts of plastics to the UK stood at approximately $21.5 thousand. Over the forecast period from 2024 to 2028, the re-import value is expected to decline steadily, reflecting a negative trend.
The year-on-year variation shows a consistent decrease with declines of approximately 2.7% in 2025, 2.7% in 2026, 2.7% in 2027, and 2.8% leading to 2028. The compound annual growth rate (CAGR) over the five-year period is anticipated to be around -2.5%, indicating a modest but continuous reduction in re-imports.
Future trends to watch for include:
- Shifts in domestic manufacturing capacities could impact demand for re-imports.
- Sustainability and recycling initiatives may influence plastic component usage.
- Fluctuations in global trade policies or bilateral agreements could alter import patterns.