The import of cement to the UK is projected to increase from 3.9621 billion kilograms in 2024 to 4.3723 billion kilograms in 2028. This indicates a gradual upward trend with a compound annual growth rate (CAGR) of approximately 2.5% over this five-year period. Compared to the actual import levels of 3.85 billion kilograms in 2023, this represents a strategic growth trajectory. Year-on-year growth rates are expected to hover around 2.5% annually.
Future trends to watch for:
- Impact of post-Brexit trade agreements on cement imports.
- Influence of sustainable construction practices on demand for low-carbon cement.
- Potential shifts in construction industry dynamics due to economic factors and regulatory changes.
- Technological advancements in cement production and their impact on import requirements.