The import of unagglomerated iron ore and concentrate to the UK exhibits a downward trend. Standing at 4.0406 billion kilograms in 2023, the volume saw significant reductions since 2013, reflecting a 9.08% year-on-year decline from 2022, and a compound annual growth rate (CAGR) of -8.04% over the past five years. The period from 2013 experienced fluctuations, but the consistent decline post-2018, peaking at a most significant drop of 23.24% in 2020, underscores a persistent downward trajectory. Looking ahead, the forecast for 2028 anticipates a further shrinkage, with a CAGR of -11.69% and an overall decrease of 46.3% in the five-year forecast period.

Future trends to watch for include:

Shifts in global iron ore demand and supply dynamics.
The impact of UK policy changes on import volumes.
Technological advancements and sustainability drives in steel manufacturing, potentially reducing dependency on iron ore.
Economic factors influencing UK's industrial production and construction sectors.