The forecasted re-import of life-jackets and life-belts to the UK shows a consistent downward trend. Starting at 966.25 kilograms in 2024, it is expected to decrease to 670.18 kilograms by 2028. This represents an average annual decrease, compounded annually (CAGR), of -8.96% over the five-year period. In the last two years, from 2026 to 2028, it indicates a -11.71% year-on-year decline, emphasizing a stronger downward trend.
Future trends to watch for:
- Technological advancements in safety equipment reducing the need for re-importation.
- Government regulations potentially encouraging local production.
- Possible shifts in global trade dynamics impacting supply routes.
- Increasing focus on sustainable and recyclable materials.