In 2023, the re-import value of tubes and pipes with an external diameter exceeding 406.4 mm in the UK stood at an estimated level before the forecast period. Projections from 2024 to 2028 depict a consistent upward trend, with an average annual growth rate suggested by the CAGR of approximately 3.15%. Year-on-year growth ranges from around 3.5% to 4% annually during this period.
Future trends to monitor:
- Influence of global steel prices on import volumes and values.
- Impact of UK industrial demand recovery post-COVID-19.
- Changes in trade policies post-Brexit affecting re-import activities.
- Developments in infrastructure projects driving demand.
