The import of electric storage heating radiators to the UK is projected to increase steadily from 40.327 million kilograms in 2024 to 48.527 million kilograms in 2028. Assuming the volume in 2023 was 38 million kilograms, the year-on-year variation shows a consistent growth of about 5% annually. The forecast indicates a compound annual growth rate (CAGR) of approximately 5.1% over the five-year period.
Future trends to watch for include:
- Technological advancements in energy efficiency leading to changes in import patterns.
- Potential regulatory changes in environmental policies impacting import volume.
- Shifts in consumer preferences towards sustainable heating solutions influencing market demand.