The forecast for the UK's import of boards of vegetable fibre with mineral binder or cement indicates a consistent upward trend from 2024 to 2028, with expected increments from 88.154 million kilograms in 2024 to 102.76 million kilograms in 2028. In 2023, the import volume stood at approximately 84.45 million kilograms. The year-on-year growth between 2024 and 2028 is around a steady 4% to 5%, reflecting a strong and stable market demand. Over the 5-year period, the compound annual growth rate (CAGR) averages out to approximately 4.6%, suggesting a robust medium-term increase.
Future trends to watch for include potential changes in environmental regulations, which may impact material preferences and demand shifts within the construction industry. Additionally, currency fluctuations and trade policies post-Brexit may influence import dynamics in the UK.
