The forecast for the import of registers, account books, order books, and receipt books of paper or paperboard to the UK indicates a declining trend from 2024 to 2028. In 2023, the imports stood at approximately 2.05 million kilograms. From 2024 to 2028, the data shows a consistent annual decline with an average year-on-year decrease of about 1% to 1.3%. The five-year compound annual growth rate (CAGR) reveals an overall shrinking market.
Future trends to watch for include:
- The impact of digital transformation on demand for paper-based products.
- Potential shifts in consumer behavior towards environmentally friendly or sustainable alternatives.
- Economic factors post-Brexit affecting import volumes and trade policies.