In 2023, the import value of Phenol (Hydroxybenzene) to the UK stood at 46 million USD. The forecast from 2024 to 2028 shows a consistent decline in import value, dropping from 44.563 million USD in 2024 to 39.193 million USD by 2028. This indicates a year-on-year decrease averaging approximately 3.1%, showing a clear downward trend. The compound annual growth rate (CAGR) over this five-year forecast period highlights a negative trend in Phenol imports.
Future trends to watch include potential shifts in domestic UK production capacities, which might impact import levels. Additionally, any changes in global market conditions or regulatory policies on Phenol can further influence these forecasts.
