In 2023, the import value of bending or assembling machines for working hard materials to the UK stood at its peak, with a declining trend forecasted from 2024 to 2028. Specifically, the forecasted import value starts at 2.28 thousand in 2024, decreasing annually to 0.92695 thousand by 2028. This signifies an average contraction of about 22.15% annually over this period, highlighting a consistent year-on-year decline.
Future trends to watch for include:
- Technological advancements that may affect the demand for new versus refurbished machines.
- Fluctuations in UK manufacturing sectors’ needs which drive the import of such machinery.
- Potential trade policy changes post-Brexit impacting import figures, costs, and supplier relationships.