The UK’s non-metallic minerals import dependency ratio is projected to rise steadily from 11.7 in 2024 to 12.8 in 2028. Last recorded value for 2023 was 11, indicating a slight upward trend in dependency on imports. Year-on-year growth illustrates a continuous, modest increase in dependency, and the compound annual growth rate (CAGR) over the five-year span suggests an average annual increase.
Future trends to watch for:
- Potential regulatory changes in trade tariffs affecting import costs.
- Shifts in domestic production capabilities and technological advancements.
- Global market fluctuations in non-metallic minerals supply and demand.
- Sustainability and environmental policies impacting sourcing and import decisions.