In 2023, the UK imported a total of 3.324 million pneumatic tyres of rubber for buses or lorries. The forecast for the period from 2024 to 2028 shows a consistent annual increase, starting from 3.349 million in 2024 and trending upwards to 3.409 million by 2028. This trend reflects a Compound Annual Growth Rate (CAGR) of approximately 0.45%, indicating a stable yet modest growth in imports.
- Year-on-year growth percentages are modest, averaging around 0.45% for the five-year forecast period.
- This stable trend suggests a consistent demand for rubber tyres for buses and lorries, likely driven by the steady growth of the UK transportation and logistics sectors.
Future trends to watch include potential impacts from economic fluctuations, the implementation of sustainability measures in manufacturing and transportation, and technological advancements in vehicles that could affect tyre specifications and demand.
