The forecast for re-import of nuts of iron or steel to the UK shows a consistent upward trend from 2024 to 2028, with values starting at 465.1 thousand US dollars in 2024 and increasing to 513.06 thousand US dollars in 2028. In 2023, the actual value stood at 453.89 thousand US dollars. The year-on-year variation for the initial forecast period indicates a steady growth of approximately 2.64% annually. The compound annual growth rate (CAGR) across the five-year forecast period is expected to be around 2.54%, reflecting a modest yet stable increase in re-import activity.
Future trends to watch for include:
- Potential impacts of changes in global trade policies on import volumes.
- Developments in domestic production capabilities of the UK, influencing re-import needs.
- Fluctuations in demand driven by the construction and manufacturing sectors.
- Technological advancements that may alter import logistics and cost efficiencies.
