In 2023, the UK imported approximately 230.95 million kilograms of sulphuric acid and oleum. Over the forecast period from 2024 to 2028, the import volume is anticipated to slightly decline, with a compound annual growth rate (CAGR) of -0.17%. Year-on-year variations are subtle, with an average decrease of about 0.14% annually, highlighting a trend of gradual reduction in import volumes.
Future trends to watch for include:
- Potential changes in sulfur supply and demand dynamics globally, which could impact import volumes.
- Technological advancements in local production that might reduce dependency on imports.
- Environmental regulations affecting sulphuric acid usage and trade.
- Economic factors such as post-Brexit trade agreements influencing the UK's import patterns.