The import of iron or steel towers and lattice masts to the UK is forecasted to steadily increase from 140.92 million kilograms in 2024 to 163.9 million kilograms by 2028. Assuming 2023 as the base year, the data shows a consistent upward trend, reflecting an average compound annual growth rate (CAGR) over this five-year period. Year-on-year, the increase ranges around 4% annually. This suggests a stable demand for these imports, likely driven by construction and infrastructure projects.
Future trends to watch for include:
- Potential shifts in trade policies or tariffs affecting supply chains.
- Technological advancements promoting alternative materials.
- Growing focus on renewable energy infrastructure which might influence demand.
