From 2024 to 2028, the import volume of worked mica and articles of mica, excluding sheet mica, to the UK is forecasted to grow steadily. In 2023, the actual import volume was at 0.985 million kilograms. Year-on-year, the imports are expected to increase by around 3.3% on average. This consistent growth suggests a positive trend for the mica market, driven potentially by industry demand and growth in sectors utilizing mica.
Future trends to watch for include:
- Technological advancements in industries using mica that might spur increased demand.
- Shifts in trade policies impacting mica importation costs or tariffs.
- Potential substitutes or changes in regulations related to mica usage that could impact import volumes.
