In 2023, the UK imported $12.926 billion worth of Furniture, Lighting, Signs, and Prefabricated Buildings. The year-on-year variation from 2022 to 2023 was a growth of 1.72%, and over the last five years, the CAGR was 1.87%. The imports rebounded significantly in 2021 after a COVID-19 induced drop in 2020. From 2024 onwards, imports are expected to continue growing steadily with a forecasted 5-year CAGR of 1.33%, rising to $14.065 billion by 2028.
Future trends to watch for:
- Potential disruptions from geopolitical events impacting global supply chains.
- Technological advancements in smart furniture and lighting solutions.
- Increased consumer interest in sustainable and eco-friendly products.
- Impacts of post-Brexit trade policies on import tariffs and regulations.