The UK's forecast for silver ores and concentrates imports shows a steady decline from 2024 to 2028. The volume starts at 92.2 thousand kilograms in 2024 and drops to 63.98 thousand kilograms by 2028. From 2023, where actual figures are not provided, projections suggest a consistent reduction in import volume, reflecting a potential strategic shift or changing market dynamics.
Observing year-on-year variations, the import volume decreases by approximately 7.88% in 2025, 8.41% in 2026, 8.98% in 2027, and 9.63% in 2028. The Compound Annual Growth Rate (CAGR) over the five years is negative, indicating a downward trend in imports.
Future trends to watch for include global market fluctuations of silver prices, innovations in recycling technology reducing the need for raw silver ores, and potential shifts in the UK's industrial demand or policy changes concerning metal imports, which could influence this downward trend.
