In 2023, the UK imported approximately 38.6 million kilograms of tubes, pipes, and hollow profiles of cast iron. The forecasted import volumes for 2024 to 2028 indicate a steady growth trend, with volumes increasing from 39.009 million kilograms in 2024 to 40.751 million kilograms in 2028. Year-on-year growth rates show modest increases, averaging around 0.7%-1% annually. The five-year compounded annual growth rate (CAGR) is projected to be about 1.09%, reflecting consistent growth in this sector.
Future trends to watch for include potential shifts in market demand driven by technological advancements in construction and infrastructure sectors, changes in trade policies, and the impact of sustainability initiatives which could influence material preferences.
