The forecast for UK imports of ball or roller bearings indicates a gradual decrease from 17.818 million kilograms in 2024 to 16.106 million kilograms in 2028. This represents a continuous year-on-year decline of around 2-3% annually. Compared to 2023, the volume of imports is anticipated to decline over time, with a compounded annual growth rate (CAGR) reflecting an average annual decrease across these five years.
Future trends to watch for include:
- The impact of evolving trade agreements and policies post-Brexit on import volumes.
- Technological advancements and automation in domestic manufacturing potentially reducing dependency on imports.
- Fluctuations in global demand and supply chain dynamics affecting availability and cost.
