In 2023, the import of unwrought tantalum to the UK was marked at approximately 135.78 thousand kilograms. Forecasted data predict a consistent yearly decline, with imports expected to drop to 101.9 thousand kilograms by 2028. This equates to a year-on-year decrease of approximately 5.4% from 2024 to 2025, 5.6% from 2025 to 2026, 5.8% from 2026 to 2027, and 6% from 2027 to 2028. The compound annual growth rate (CAGR) indicates an average annual decrease of about 6% over the five-year forecast period.

Future trends to watch for:

Global demand for technology advancements influencing tantalum requirements.
Fluctuations in international trade policies impacting UK import practices.
Potential discoveries or advancements that may reduce reliance on imported raw materials.