In 2023, the import volume of diols, polyalcohols, and cyclical alcohols to the UK stood at 308 million kilograms. From 2024 onwards, forecasts indicate a steady increase in imports, with values reaching 330.78 million kilograms by 2028. The year-on-year growth between 2024 and 2028 ranges from around 1.47% to 1.33%, indicating a gradual rise in the demand for these chemicals. Over this five-year period, the compound annual growth rate (CAGR) is approximately 1.46%, reflecting a stable upward trend.
Future trends to watch for:
- Impact of UK's environmental policies on chemical imports.
- Technological advancements in production possibly affecting import needs.
- Potential supply chain disruptions due to geopolitical developments.
