In 2023, the UK imported 7.24 million kilograms of silicon carbide. The forecasts from 2024 to 2028 indicate a declining trend in import volumes. From 2024 to 2025, there is a 5.41% decrease, while 2025 to 2026 projects a further decline of 5.60%. The forecast for 2026 to 2027 continues this trend with a 5.81% drop, and 2027 to 2028 predicts a 6.05% decrease. The compound annual growth rate (CAGR) from 2024 to 2028 is a decrease of 4.57% per year.
Future trends to watch include technological advancements in silicon carbide production, changes in the UK’s energy policies, and potential trade agreements, which may impact import volumes positively or negatively.
