In 2023, the UK's imports of rods and profile shapes of vulcanized non-cellular rubber were recorded at approximately 3.45 million kilograms. The forecast for 2024 shows a decrease to 3.145 million kilograms, with subsequent years continuing this downward trend, reaching 2.2041 million kilograms by 2028. This sequence reflects a compound annual growth rate (CAGR) decline over the forecast period. Year-on-year changes reveal a consistent decrease in import volume, averaging around a steady percentage reduction annually.
Future trends to watch for include:
- Potential shifts in domestic production capabilities or demand patterns in the automotive and manufacturing sectors, which heavily utilize these materials.
- Impacts of trade policies, environmental regulations, and global supply chain dynamics on import volumes.
- Inflationary pressures and currency fluctuations that could affect import costs and volumes.