In 2023, the UK imported statuettes and other ornaments, unplated of base metal, totaling 11.912 million kilograms. In 2024, this is forecasted to increase to 12.118 million kilograms, showing a year-on-year growth of approximately 1.73%. The trend continues, with a consistent annual increase reaching 12.922 million kilograms by 2028. The annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.63%.
Future trends to watch for:
- Shifting consumer preferences towards sustainable and eco-friendly products that may influence import volumes.
- Potential impacts from trade agreements or tariffs that could affect costs and market demand.
- Technological advancements in manufacturing and logistics could drive efficiencies and market dynamics.