The import of mechanical and semi-chemical wood pulp to the UK has shown significant fluctuation over the past years. It peaked in 2015 with a 16.57% year-on-year increase but saw a dramatic decrease in 2016 by -44.96%. This downward trend continued with significant year-on-year declines of -30.57% and -77.98% in 2017 and 2018, respectively. The years following 2019 have been relatively stable, with minor fluctuations around 10 million euros, leading to a minor increase in 2023 by 0.6%, standing at 8.32 million euros.
The Compound Annual Growth Rate (CAGR) over the past five years has been -1.09%, reflecting a slight overall decline in imports. However, forecasts for the upcoming five years predict a slight upward shift with a 0.45% CAGR and total growth of 2.29% by 2028.
Future Trends to Watch For:
- Market stabilization around the 8-9 million euro range.
- Potential growth drivers in sustainable or alternative materials influencing import needs.
- Impact of trade policies and tariffs on import dynamics.