In 2023, the UK's import of lubricating preparations and those used in oil or grease treatment of textiles stood at approximately $230 million. The forecasted data up to 2028 indicates a continuous upward trend with notable year-on-year growth: 2024 (2.4%), 2025 (2.1%), 2026 (2.0%), 2027 (1.9%), and 2028 (1.8%). The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be around 2.04%.

Future trends to watch for:

Shifts in the UK's industrial demand influenced by emerging textile technologies.
Potential changes in trade policies post-Brexit affecting import practices.
Global oil price fluctuations impacting raw material costs and import values.