In 2023, the UK's import value of natural gum, resin, gum-resin, and balsam was approximately $10.285 million. The forecast from 2024 to 2028 indicates a gradual increase, with an average annual growth rate of 0.9%, reflecting steady demand. Year-on-year growth for these years remains under 1%, illustrating a stable but slow upward trend.
Future trends to watch include potential market shifts due to environmental regulations, changes in supply chain dynamics, and evolving consumer preferences towards sustainable and eco-friendly products. Additionally, economic factors such as currency fluctuations and trade agreements could impact import costs and volumes.
