In 2023, the re-import value of soaps, lubricants, waxes, candles, and modelling pastes to the UK stood significantly as the forecast for 2024 estimates a considerable rise to USD 3.8156 million. The forecast data exhibits a consistent annual increase in value, with projected 2025 figures at USD 3.8924 million, marking a noticeable year-on-year growth. Progressively, by 2028, it is anticipated to reach USD 4.1138 million, indicating a steady upward trend in re-import value with a consistent Compound Annual Growth Rate (CAGR) across the forecasted period.
Future trends to watch for include:
- Increased demand for sustainable and eco-friendly products influencing re-import values.
- Potential trade policy changes impacting import tariffs and regulations.
- Technological advancements in product formulations enhancing demand and import dynamics.