The UK saw a moderate growth in the import of dryers for wood, paper pulp, paper, or paperboard, standing at approximately 2.58 million kilograms in 2023. The forecast for 2024 marks a 5.48% increase, with continued year-on-year growth of 5.8% till 2028, climbing to 3.334 million kilograms. The compound annual growth rate (CAGR) over the next five years is estimated at 5.7%, suggesting a consistent upward trend in import volumes.
Future trends to watch for include:
- An increase in demand driven by the UK’s efforts to boost domestic manufacturing and recycling capabilities.
- Technological advancements leading to more efficient dryers which might affect import volumes.
- Potential trade policy shifts due to Brexit impacts that could influence import dynamics.