The forecast for imports of lac, natural gums, resins, gum-resins, and balsams to the UK from 2024 to 2028 shows a slight decline from $24.779 million in 2024 to $23.965 million in 2028. In 2023, the actual import value stood at $25 million. This represents a year-on-year decline of approximately 0.85% from 2023 to 2024. Over the period from 2024 to 2028, the compound annual growth rate (CAGR) indicates a decrease of about 0.83% per year, reflecting a consistent downward trend.

Future trends to watch for include:

Changes in global supply chains and sourcing strategies post-pandemic.
Potential increases in demand for sustainable and natural materials.
Impacts of Brexit on trade agreements affecting import tariffs.
Technological advancements in synthetic alternatives influencing natural import demand.