The import of Portland cement, other than white cement, into the UK stood at $5.4 million in 2023. Forecasted data shows a gradual year-on-year decline in import values from 2024 to 2028, culminating in $4.7454 million by 2028. This consistent decline suggests a negative Compound Annual Growth Rate (CAGR), indicating a shrinking demand or increased domestic production capacity.
Future trends to watch include:
- Impact of sustainability trends on cement replacement materials.
- UK construction sector's health affecting demand for imported cement.
- Exchange rate fluctuations impacting import costs.
- Post-Brexit trade agreements altering import dynamics.
