In 2023, the UK's import volume of granules and powders of pig iron, spiegeleisen, iron or steel stood at approximately 22.5 million kilograms. Forecasted data from 2024 onwards indicates a gradual decline in import volume, with an average decrease of around 0.40% per year through 2028. This consistent downward trend suggests a likely reduction in demand or a shift towards finding alternative domestic or international sources.
Future trends to watch for include:
- Increased demand for more advanced materials that might impact the need for traditional granules and powders.
- Potential trade alterations due to changes in regulatory policies or international relations.
- Technological advancements leading to changes in manufacturing processes could alter import needs.