The forecasted import of synthetic rubber to the UK is set to decline gradually from 2024 to 2028, with volumes decreasing from 95.923 million kilograms in 2024 to 83.907 million kilograms by 2028. Based on historical data, as of 2023, the volume stood at approximately 98 million kilograms. This represents a consistent year-on-year decrease of around 3% over the upcoming years. The compound annual growth rate (CAGR) indicates roughly a 3% decrease annually over the extended period, reflecting a steady downward trend.
Future trends to watch for include technological advancements in rubber manufacturing, shifts in global supply chains, economic factors affecting the automotive and manufacturing industries, and regulatory changes concerning environmental policies. These factors could significantly influence the dynamics of synthetic rubber imports to the UK.
