In 2023, the re-import of parts of aircraft and spacecraft to the UK stood just below 150 million USD. Starting from 2024, valued at 149.87 million USD, forecasts predict a gradual decline over the subsequent years with values dropping to 102.79 million USD by 2028. Year-on-year analysis reveals a consistent decrease averaging around 8-10% annually, representing a significant downward trend. The compound annual growth rate (CAGR) over this period is anticipated to be negative, reflecting the ongoing decline.
Future trends to watch for include:
- Technological advancements potentially reducing dependency on re-imports
- Policy changes impacting trade dynamics
- Fluctuations in global supply chains affecting costs and availability
