In 2023, UK imports of goods vehicles with compression-ignition engines exceeding 20 tonnes stood modestly above 3,000 items. The forecast suggests a progressive decline from 2024 onwards, with volumes potentially decreasing to about 1.61 thousand items by 2028. This indicates a consistent year-on-year decline, reflecting a diminishing demand, potentially influenced by a shift towards alternative energy vehicles and tightening emission regulations. The compound annual growth rate (CAGR) over the five-year period is negative.
Future trends worth monitoring include:
- The potential impact of stricter environmental policies on diesel engine imports.
- Growth in alternative fuel vehicle imports as technology and infrastructure improve.
- Economic factors affecting import demand, such as trade agreements and domestic production capabilities.
