The import of non-domestic cooling and ventilation equipment to the UK stood at 11.121 million items in 2023. This value witnessed a year-on-year decline of 1.46% in 2023. Over the past two years, the import numbers have slightly decreased, with a total drop of approximately 1.47% in 2022 followed by 1.46% in 2023. The compound annual growth rate (CAGR) over the last five years was -1.73%, indicating a downward trend from 2019 to 2023.
Forecasts indicate a continuing decline in imports, with a predicted drop to 10.26 million items by 2028. The future five-year CAGR is expected to be -1.28%, with an overall decline of 6.22% over the period.
Future trends to watch for include potential market disruptions due to evolving environmental regulations, advancements in local production capabilities, and shifts in economic conditions affecting demand for imported equipment. Additionally, innovations in energy-efficient technologies may influence import volumes.
