The forecast for UK imports of wire rod used for concrete reinforcing shows a gradual decline from 2024 to 2028. In 2023, the import volume stood at a level preceding this forecast. The year-on-year percentage variation indicates a steady decrease: a relatively small annual reduction of around 1-2% over the period. The compound annual growth rate (CAGR) over these five years points to a consistent downtrend in import volumes.

Future trends to watch include:

Impact of UK domestic production capacities, potentially reducing reliance on imports.
Changes in construction industry demand driven by economic factors and infrastructure projects.
Shifts in trade policies, especially post-Brexit agreements affecting steel imports.