In 2023, the UK's import of bar, rod, and profiles of copper-zinc base alloys stood at 35.5 million kilograms. The forecast from 2024 to 2028 shows a steady annual increase, reaching 39.828 million kilograms by 2028. The year-on-year growth rates from 2024 to 2028 are forecasted to be around 2.48%, 2.37%, 2.27%, and 2.17%, respectively. The five-year compound annual growth rate (CAGR) is expected to be 2.38%, indicating a consistent upward trend in imports.
Future trends to watch for include:
- Potential fluctuations in global copper and zinc prices affecting import volumes.
- Changes in UK policy on copper-zinc alloys usage impacting demand.
- Technological advancements that may drive efficiency and alter import requirements.
- Shifts in industrial demand influenced by broader economic conditions and sustainability initiatives.
