In 2023, bitumen imports to the UK stood at 1.14 million tonnes of oil equivalent. The forecast data show a steady increase from 2024 to 2028, with imports expected to rise from 1.18 to 1.37 million tonnes. Year-on-year growth is consistent, with increments indicating an upward trend in demand, likely driven by infrastructure development and maintenance needs.
The compound annual growth rate (CAGR) over five years is approximately 3.9%. This reflects a stable and moderate expansion in import volumes, pointing towards a persistent need for bitumen in the UK market.
Future trends to watch include potential policy changes on sustainable infrastructure, shifts in construction practices towards more eco-friendly materials, and economic factors affecting global oil prices, which may influence import patterns and demand levels.
