The import of pipe fittings, specifically butt welding of stainless steel, is forecasted to decrease steadily in the UK from 2024 to 2028, starting at 1.34 million kg and decreasing to roughly 0.995 million kg by 2028. Compared to the previous year, the year-on-year decline for 2025 is 6.6%, 2026 is 6.95%, 2027 is 7.33%, and 2028 is 7.77%. The compound annual growth rate (CAGR) for this period is approximately -7%, indicating a consistent downturn over five years.
Future trends to watch for include any shifts in international trade policies affecting the import of such goods and innovations in welding technology that could drive domestic production, potentially reducing the need for imports.
