The import of compression refrigeration equipment with heat exchange to the UK is forecasted to decline from 5.2904 million kilograms in 2024 to 4.9243 million kilograms in 2028. This consistent downward trend indicates a decrease in volume, with year-on-year reductions of approximately 1.78% from 2024 to 2025, 1.78% from 2025 to 2026, 1.77% from 2026 to 2027, and 1.78% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 shows an average decline of about 1.78% per year.
Future trends to watch for include:
- Technological advancements that may increase the efficiency and reduce the need for imports
- UK regulatory changes impacting trade and import tariffs
- Fluctuations in global supply chain dynamics and raw material costs
- Shifts in domestic demand due to energy efficiency initiatives