The import of steel tubes, pipes, hollow profiles, and related fittings to the UK is projected to rise steadily from 2024 to 2028, with expected volumes increasing from 861.58 million kilograms in 2024 to 914.25 million kilograms in 2028. In 2023, the actual import volume stood at approximately 846 million kilograms. This corresponds to an average annual growth rate (CAGR) of around 1.5% over the forecast period.
The forecast suggests a continued modest expansion in imports, driven by infrastructural developments and industrial demand. Factors influencing future trends include:
- Fluctuations in global steel prices
- Regulations affecting the steel industry
- Changes in technology impacting demand and efficiency
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