The forecast for the import of carbon and graphite furnace electrodes to the UK shows a continuous decline from 2024 to 2028. In 2023, the actual import volume stood at 4.1193 million kilograms. For 2024, the forecast maintains this volume at 4.1193 million kilograms but shows a year-on-year decrease from 2025 onward: -6.5% in 2025, -6.9% in 2026, -7.2% in 2027, and -7.6% in 2028, highlighting a consistent trend of decreasing imports. The compounded annual growth rate (CAGR) for the forecast period is approximately -6.95% per year.
Future trends to watch for include:
- Technological advancements in furnace electrode materials.
- Shifts in global supply chains and their impact on availability.
- Changes in UK manufacturing and production that could alter demand dynamics.
- Economic policies and trade agreements that might affect import volumes.
