In 2023, the UK recorded metal ore imports of 37.01 million metric tons. Forecast data suggests a gradual decline over the next five years, with imports decreasing annually by around 0.11% year-on-year. By 2028, the import volume is expected to reach 36.81 million metric tons, indicating a moderate overall decline. This steady downward trend suggests stabilization in the UK’s demand for metal ores, with an estimated compound annual growth rate (CAGR) of -0.11% over the forecast period.
Future trends to watch include potential alterations in import needs due to changes in domestic production capabilities, shifts in global market prices, technological advancements, or environmental regulations impacting the mining and manufacturing sectors.
