In 2023, the import value of articles of carbon used for electrical purposes to the UK was USD 121.0 million. The forecast for 2024 suggests a rise to USD 125.34 million, indicating moderate growth momentum. The subsequent projections show an increase through 2028, culminating at 141.6 million USD. This represents a consistent year-on-year percentage growth with variations of approximately 3.34% in 2025, 3.17% in 2026, 3.02% in 2027, and 2.86% in 2028. Across this period, the Compound Annual Growth Rate (CAGR) is expected to be around 3.2%, reflecting a stable upward trajectory.
Future trends to watch include potential shifts in global carbon supplies, technological advancements boosting electrical efficiency, and policy changes related to carbon imports. These factors could impact both import dynamics and supply chains significantly.
