The import of machinery for liquefying air or other gases to the UK is forecasted to rise steadily from $17.018 million in 2024 to $17.626 million in 2028. As of 2023, the actual value stood at $16.875 million. The annual growth is consistent, with a year-on-year increase of approximately 0.93% in 2025, rising to around 0.86% by 2028. Over a five-year period, the compound annual growth rate (CAGR) is approximately 0.86% annually, indicating a stable upward trend.
Future trends to watch for include:
- Potential impacts of technological advancements in machinery efficiency and environmental regulations affecting import demand.
- Geopolitical factors or economic policies that may influence trade dynamics or tariff impositions.
- Fluctuations in industrial demand which could alter the forecasted trajectory.
- Innovation in alternative gases and liquefaction processes potentially impacting market needs.
