In 2023, the UK imported approximately 1.6323 million kilograms of sets of different knives and cutlery sets. The forecast from 2024 to 2028 indicates a declining trend with imports reducing from 1.5966 million kilograms in 2024 to 1.4183 million kilograms in 2028. This represents a continuous year-on-year decrease with variations of approximately -2.87% in 2025, -2.9% in 2026, -2.93% in 2027, and -2.96% in 2028. The compound annual growth rate (CAGR) over these years is projected to be approximately -2.97%.
Future trends to watch for:
- Changing consumer preferences towards more durable or multi-purpose cutlery sets could drive further reductions in import volumes.
- The impact of post-Brexit trade policies and any new trade agreements could influence import levels and sourcing patterns.
