In 2023, the UK imported 2.67 million kilograms of iron or steel flexible tubing. The forecast for 2024-2028 shows a decreasing trend, with a consistent year-on-year reduction in import volume. A continuous decline from 2.5963 to 2.3503 million kilograms is projected, indicating an average annual decrease, capturing a negative CAGR over this five-year period.
Future trends to watch include:
- Potential recovery or stabilization in demand impacting import levels.
- The effect of sustainable practices or alternative materials gaining market traction.
- Trade policy changes or economic factors influencing the steel industry.