In 2023, the actual import value of pumps for liquids to the UK stood at 2.52 billion US dollars. The forecast data from 2024 to 2028 indicates a steady growth in imports, rising from 2.5571 billion US dollars in 2024 to 2.6964 billion US dollars in 2028. Year-on-year growth shows an approximately 1.4% increase annually. The Compound Annual Growth Rate (CAGR) over this five-year period averages around 1.34%, suggesting a modest but consistent increase in import values.
Future trends to watch for include:
- Fluctuations in global demand for liquid pumps, possibly affecting import volumes.
- Changes in trade policies or tariffs impacting import costs.
- Technological advancements in pump efficiency and sustainability influencing market dynamics.