Forecast: Import of Air or Gas Compressors, Hoods to the UK

As of 2023, the UK imported air or gas compressors and hoods valued at approximately $1.150 billion. The forecast for 2024 indicates a value of $1.1792 billion, marking a year-on-year increase of approximately 2.5%. By 2025, this value is expected to rise to $1.2114 billion, a further 2.7% increase. The projected growth continues into 2026, 2027, and 2028, with values reaching $1.2431 billion, $1.274 billion, and $1.3044 billion respectively. The Compound Annual Growth Rate (CAGR) over these five years is projected to be around 2.6%.

Future trends to watch for include:

  • The impact of technological advancements on reducing manufacturing costs, potentially affecting import prices.
  • Shifts in UK environmental policies that may influence demand for energy-efficient models.
  • Evolving global economic conditions, especially currency fluctuations and trade relations, particularly post-Brexit, which could alter import volumes and values.

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