In 2023, the UK imported silicones totaling approximately 44.001 million kilograms. The forecast for 2024 shows an import volume of 44.619 million kilograms, reflecting a year-on-year increase of approximately 1.4%. For the subsequent years, the import volume is expected to rise steadily, with year-on-year growth rates of about 1.5% in 2025, 1.4% in 2026, 1.4% in 2027, and 1.3% in 2028. The compound annual growth rate (CAGR) over these five years is anticipated to be approximately 1.4%.
Future trends to watch for include:
- Potential shifts in global supply chain dynamics, influenced by geopolitical events or regulatory changes.
- Technological advancements in silicone production that may affect demand and import levels.
- Environmental policies impacting the production and trade of silicones.
