In 2023, the re-import value of ball or roller bearings to the UK was estimated at $1.68 million. Forecasts suggest a steady decline in this value from 2024 onward, with projections of $1.5186 million in 2024, decreasing annually to $1.0619 million by 2028. This represents a year-on-year decrease by approximately 7.7% in 2025, 8.2% in 2026, 8.8% in 2027, and 9.4% by 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -7.5%, indicating a persistent downward trend in re-imports.
Future trends to watch for include technological advancements in domestic manufacturing, which could further reduce the need for re-importation, and shifts in trade policies post-Brexit, which may impact import economics. Additionally, increased global competition and evolving supply chain dynamics might influence future import needs.
