In 2023, imports of non-stainless steel tubes and pipes with circular cross-sections and an external diameter of less than 406.4 mm to the UK stood at approximately 97.629 million kilograms. From 2024 onwards, forecasts indicate a gradual increase: 97.723 million kg in 2024, 97.817 million kg in 2025, reaching 98.09 million kg by 2028.
Key observations include:
- A consistent year-on-year growth of approximately 0.1% is anticipated from 2024 to 2028.
- The average annual compound growth rate (CAGR) over the five-year forecast period is estimated at around 0.09%.
Future trends to watch for:
- Shifts in UK infrastructure and construction projects affecting demand.
- Changes in trade agreements and import tariffs post-Brexit impacting supply chains.
- Technological advancements in pipe and tube manufacturing potentially altering import volumes.
