In 2023, the UK imported 1.358 billion kilograms of granulated slag from the iron or steel industry. The forecast from 2024 to 2028 shows a steady annual increase in imports, growing from 1.4151 to 1.6692 billion kilograms. The year-on-year growth rate is approximately 4.6% from 2024 onwards. The compound annual growth rate (CAGR) for this five-year forecast period stands at around 4.3%. This increase indicates a consistent upward trend in the demand for granulated slag imports in the UK.
Future trends to watch for include:
- Impact of technological advancements on the slag industry.
- Changes in environmental regulations affecting import demands.
- Potential shifts in supply chain logistics and costs.
- Domestic production capabilities affecting import needs.
