The re-import of non-numerically controlled sharpening machines to the UK saw consistent values from 2018 to 2020, but dropped to zero in 2021 and 2022. As such, the year-on-year change indicated a significant decline from 2020 to 2021 of 100%. Over the past five years, the compound annual growth rate (CAGR) reflects a consistent downward trend to a complete cessation by 2022.
Future trends to watch include the possibility of technological advancements in sharpening machines that might prompt a revival in re-import demand, UK regulatory changes, or fluctuations in global trade and manufacturing patterns impacting the export and re-import dynamics.
