The import of iron or steel chain to the UK is projected to decrease from 1.8077 million kilograms in 2024 to 1.3898 million kilograms by 2028. This represents a year-on-year decrease of 5.95% on average over the period, with a sharper drop expected after 2026. In 2023, actual imports stood at 1.9 million kilograms, indicating a steady decline.
Future trends to watch for include:
- Potential changes in trade policies or tariffs impacting import volumes.
- Technological advancements or substitutions affecting demand for steel chains.
- Economic factors such as currency fluctuations and global market conditions influencing import costs and volumes.
