The import of non-plasticised polyvinyl chloride (PVC) to the UK is on a declining trend from 2024 through 2028. In 2023, imports stood at USD 18 million. The forecasts indicate a consistent decrease each year. Year-on-year variations show a reduction of approximately 5.98% from 2024 to 2025, 6.24% from 2025 to 2026, 6.52% from 2026 to 2027, and 6.83% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be -6.39%, showcasing an average annual decline.
Future trends to watch for:
- Changes in global and local regulations affecting PVC usage and sustainability practices.
- Shifts in UK's construction and manufacturing sectors that could influence demand.
- Potential innovations in alternative materials reducing dependency on PVC.