In 2023, the re-import of check valves to the UK stood at 9.65 thousand kilograms. Projections from 2024 suggest a consistent decline: 9.19 thousand kg in 2024, decreasing annually to reach 7.69 thousand kg by 2028. The year-on-year declines average around 4% between 2023 and 2024, and similar patterns persist through to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 highlights an average decline of approximately 4.66% each year, indicating a downward trend over this period.
Future trends to watch include:
- Changes in UK manufacturing and industrial demand impacting import needs.
- Alterations in global supply chains and trade agreements affecting import volumes.
- Technological advancements potentially reducing the need for re-importation of check valves.