In 2023, the UK's import of refractory cements, mortars, concretes, and similar compositions stood at significant volumes. Forecasts indicate a downward trend, with projected imports decreasing from 34.877 million kilograms in 2024 to 28.816 million kilograms by 2028. Over the five-year period from 2024 to 2028, the annual compound growth rate (CAGR) is expected to show a consistent decline. Year-on-year, the most significant decreases are observed in the later years, highlighting a diminishing demand or possible shifts towards local production.
Future trends to watch:
- Technological advancements in construction materials may reduce reliance on imports.
- Trade policies and tariffs post-Brexit may continue influencing import volumes.
- Environmental regulations could drive changes in material compositions.