The forecast for the UK import of composite paper and paperboard indicates a gradual decline from 2024 to 2028, starting from 52.543 million USD and decreasing to 50.337 million USD. This projected decrease reflects a continuous decline in import volumes over these years. Based on the current forecasted data, the compound annual growth rate (CAGR) over the five-year period is negative, suggesting an average annual decrease in imports.
In 2023, the actual import value laid the foundation for these projections.
Future trends to watch for include:
- Impact of sustainability initiatives and recycling efforts, which might reduce the demand for imports.
- Potential changes in trade policies and tariffs affecting paperboard imports.
- Evolving technological advancements that may influence local production capacities and domestic market competitiveness.