In 2023, the import value of artificial waxes and prepared waxes of polyethylene glycol to the UK stood slightly below the forecast for 2024, marking a gradual increase in subsequent years. Over the period from 2024 to 2028, the import value is set to demonstrate an average growth rate, with year-on-year increases approximating around 1.5% annually. The five-year compound annual growth rate (CAGR) will reflect a steady but modest upward trend in import values, indicative of a stable demand for these products within the UK market.
Future trends to watch for:
- Potential fluctuations in demand due to shifts in UK manufacturing and industrial needs.
- Global economic conditions impacting the availability and price of polyethylene glycol-based products.
- Technological advancements in the production and application of artificial waxes, potentially influencing import rates.
