In 2023, the UK recorded a re-import volume of 1.17 thousand kilograms for radiators and parts thereof of iron or steel, excluding cast. The forecast from 2024 to 2028 shows a consistent year-on-year growth, with forecasted values of 1.22, 1.27, 1.33, 1.38, and 1.43 thousand kilograms, respectively. This represents a steady annual growth, reflecting recovery and stability in demand. The compound annual growth rate (CAGR) over this five-year period is projected to be approximately 2.1%.
Key future trends to watch include potential impacts from Brexit-related policies, trade agreements, and shifts toward sustainable and energy-efficient technologies influencing import dynamics. Regulatory changes in the steel industry may also impact future import volumes.
