In 2023, the UK imported approximately 310.82 thousand kilograms of non-electric industrial furnaces and ovens, indicating a significant decline over the following years. In 2024, imports are expected to decrease to 260.46 thousand kilograms, a year-on-year decline of approximately 16.2%. Further reductions are forecasted, with imports falling to 206.1 thousand kilograms in 2025, representing a 20.9% decrease. This trend continues through 2028, culminating in a sharp 49.44 thousand kilograms, translating to a 25.4% annual decline over five years. The average compound annual growth rate (CAGR) for this period shows a hefty contraction of around -26.1%.
Future trends to watch for:
- Potential shifts in the UK manufacturing demand could affect non-electric furnace imports.
- Technological innovations may boost domestic production capabilities, further reducing imports.
- Environmental policies could impact import volumes, especially for incinerators.
- Fluctuations in UK industrial sectors could create volatility in import trends.
