As of 2023, the import value of permanent magnets and similar non-metal magnetic articles to the UK stood at $19.9 million USD. Moving forward, forecasts show a slight year-on-year increase through 2028. The import value is expected to grow modestly from $19.92 million in 2024 to $19.981 million in 2028. This consistent growth echoes a Compound Annual Growth Rate (CAGR) of around 0.3% annually over this period.

Future trends to watch for include:

The impact of technological advancements and emerging industries on the demand for non-metal magnets.
Potential market disruptions due to changes in trade policies, especially post-Brexit trade relations.
The effect of sustainability and environmental considerations on the supply chain and material sourcing.