The re-import of electrical control and distribution boards for a voltage exceeding 1 kV to the UK is projected to consistently decrease from 2024 to 2028. In 2023, the volume stood higher, indicating a clear downward trend in demand or changes in domestic supply capabilities. Year-on-year changes show a steady reduction of approximately 5.35% from 2024 to 2028. The compound annual growth rate (CAGR) over this five-year period reflects an average decline of around 5% per year.
Future trends to watch include:
- Technological advancements potentially reducing import dependency.
- Fluctuations in domestic demand for these high-voltage components.
- Global supply chain shifts impacting availability and trade policies affecting imports.
