The import of resinoids to the UK demonstrates a projected decline from 2024 through 2028. This import volume is forecasted to decrease notably over the five-year span, with sharp year-on-year variation observed: with a decrease in 2025 and accelerating reductions each subsequent year. By 2028, a significant reduction in import volume is expected compared to 2023 levels, indicating a consistent downward trend. The Compound Annual Growth Rate (CAGR) over these five years underscores an annual decline in imports.
Future trends to watch for include:
- Potential changes in import policies or tariffs impacting volumes.
- Fluctuations in the global demand or production of resinoids affecting UK imports.
- Adoption of alternative or synthetic products which may reduce dependence on resinoid imports.