In 2023, the UK imported rare gases valued at 106 million USD. Forecast data for 2024 to 2028 indicates a steady increase in import value, starting at 108.67 million USD in 2024 and reaching 117.49 million USD by 2028. Year-on-year variations show a growth trend averaging approximately 1.9% annually over this period. The compound annual growth rate (CAGR) for the five-year forecast period is anticipated to be moderate but stable, suggesting consistent demand growth.
Future trends to watch for include shifts in industrial demand for rare gases as technologies evolve, potential impacts of trade policies post-Brexit, and any emerging substitutes or innovations that could influence the market dynamics of rare gases in the UK.
