In 2023, the UK imported approximately the same volume as forecasted for 2024, at around 24.038 million kilograms of copper plates, sheets, and strip. The forecast underlines a gradual decline in imports from 2024 to 2028, with an average annual decrease, or CAGR, of about 1.8%. This trend suggests a moderate contraction in demand or a potential increase in local production.
Future trends to watch include:
- Impact of emerging green technologies and copper recycling on import volumes.
- Potential shifts in trade policies post-Brexit, which might affect import dynamics.
- Evolving economic conditions influencing industrial demand for copper-based products.
