Year-on-year variation over the last two years indicates a consistent growth trajectory. From 2022 to 2023, there was a 2.39% increase, and from 2023 to 2024, an additional 2.6%. Notably, the 5-year CAGR forecasted for the period up to 2028 stands at 1.81%, illustrating a tempered yet steady growth rate, resulting in an overall increase of 9.4% over the next five years.
Future trends to watch include potential impacts of trade policies, economic fluctuations, and technological advancements in mineral extraction and processing. An increased focus on sustainability and the circular economy could also influence import volumes, as the UK might shift towards more sustainable practices and potentially increase domestic mineral recycling efforts.
