The import of precious metal ores and concentrates to the UK is forecasted to decline significantly in volume, with figures showing a drop from 67.01 thousand kilograms in 2024 to 41.88 thousand kilograms by 2028. In comparison, 2023 stood at 74.68 thousand kilograms. The year-on-year variations indicate a steady decrease, with a -9.68% drop from 2024 to 2025 and a -10.48% drop continuing into 2026. The trend persists with a -11.48% decrease in 2027, leading to a -12.68% fall in 2028. Over the entire forecast period, the compound annual growth rate (CAGR) is -10.02%, highlighting a consistent downward trend.
Future trends to watch for include potential economic factors that may affect the demand for precious metals, as well as advancements in mining technology which may influence the import volumes. Additionally, changes in global trade policies and market dynamics could also impact these forecasts. Keeping a close eye on the geopolitical landscape will be crucial in anticipating further variations in import levels.
