The forecasted increase in bitumen imports to the UK from 2024 to 2028 shows a consistent upward trend, starting from 49.42 thousand terajoules in 2024 to 57.23 thousand terajoules in 2028. Compared to the 2023 levels, bitumen imports are on a gradual rise, indicating an annual compound growth rate (CAGR) that reflects steady demand growth. The year-on-year percentages reveal continuous upward momentum, suggesting a robust dependency on bitumen for construction and infrastructure projects, likely due to ongoing investments in road and building expansion.
Future trends to watch for:
- Potential impact of sustainable alternatives to bitumen on import volumes.
- Regulatory changes affecting bitumen demand or import tariffs.
- Economic factors influencing construction and infrastructure funding.
- Technological advancements in road construction impacting material requirements.