The forecast for the UK import of ink other than printing ink indicates a steady decline in volume from 2024 through 2028. Compared to the previous years, this downward trend suggests an average annual decrease in import volume. Since we are in 2024, it's essential to note that the 2023 actual import value stood higher compared to the forecast for 2024. This sets a baseline for understanding the year-on-year decrease reflected in the forecasts.
Trends to watch for:
- Potential technological advancements in ink production that could impact import volumes.
- Changing consumer preferences and environmental regulations influencing demand for non-printing inks.
- Economic factors or trade agreements affecting import costs and availability.