The UK import of adhesives based on rubber or plastic is forecasted to experience a steady growth from 2024 onwards, starting at $198.86 million in 2024 and reaching $208.02 million by 2028. This reflects a modest year-on-year growth of approximately 1-1.5% between the predictions. The projected Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is expected to maintain consistency around this rate. As of 2023, the actual figure stands just under the 2024 forecast, indicating a stable upward trend.
Future trends to watch for include:
- Technological advancements in adhesive materials which might influence import demands.
- Economic fluctuations that could impact the overall import strategy.
- Changes in trade policies post-Brexit that might affect import costs and volumes.