The import of metal forming machinery to the UK is forecasted to continuously rise from 2024 through 2028, starting at 20.981 million items in 2024 and reaching 25.333 million items by 2028. Over this period, annual increases reflect steady growth with compound annual growth rate (CAGR) insights suggesting an average annual rise of approximately 4.6%. As of 2023, imports were significantly lower, indicating robust growth expectations in the coming years.
Future trends in this sector may include:
- Technological advancements leading to newer machinery demand.
- Changes in manufacturing activities within the UK enhancing import necessity.
- Economic and trade policy shifts affecting import levels and machinery preferences.
