The import of polyethylene or polypropylene binder or baler twines to the UK is forecasted to grow steadily from 2024 through 2028, increasing from 6.5629 to 6.7512 million kilograms. In 2023, imports stood at approximately 6.515 million kilograms, based on a simple extrapolation considering the trend. Year-on-year variations indicate moderate growth, with the annual percentage increase averaging around 0.71% over this period. The projected Compound Annual Growth Rate (CAGR) from 2024 to 2028 is estimated to be around 0.71%.
Future trends to watch for include:
- Potential impacts of Brexit-related trade policy adjustments on imports.
- The effect of ongoing agricultural technology advancements on twine demand.
- Environmental regulations impacting material choices for agricultural twines.
