In 2023, the import of steel tubes and pipes of non-circular cross-section and hollow profiles to the UK stood at approximately 6.5 million kilograms. The forecast indicates a declining trend, starting with 6.0372 million kilograms in 2024 and decreasing annually to 4.3924 million kilograms by 2028.
Key trends and variations observed:
- The import volume is projected to decline year-on-year by approximately 7% in 2025, 7.4% in 2026, 7.8% in 2027, and 8.3% in 2028.
- The compound annual growth rate (CAGR) over the five-year forecast period is a negative 7.6%, indicating a consistent decline.
Future trends to watch for include changes in demand driven by shifts in UK manufacturing and construction sectors, potential impacts of governmental trade policies, fluctuations in global steel prices, and technological advancements in alternative materials that could influence import needs.
