The forecast for the re-import of parts for spark-ignition engines, excluding aircraft, to the UK indicates a steady decline in volume from 2024 to 2028. In 2023, the volume stood at 11 thousand kilograms. The year-on-year decline is consistent, averaging around a 10% decrease annually over the five-year forecast period, reflecting a compounded annual growth rate (CAGR) of approximately -9%. This downturn suggests a shrinking market for these components.

Future trends to watch for include:

The impact of UK’s evolving automotive manufacturing processes and a possible shift towards electric vehicles.
Changes in trade policies that might affect the import dynamics.
Technological advancements that could alter parts requirements for traditional engines.