The import of polymers of propylene and olefins to the UK is forecasted to experience a consistent decline from 2024 to 2028. In 2023, the actual import volume stood at 16.8 million kilograms. Forecasted data for the subsequent five years show a year-on-year decrease, with a 2.56% reduction from 2024 to 2025 and a similar 2.53% average annual reduction following that trend through to 2028. This represents a compound annual growth rate (CAGR) decline of approximately 2.56% over the five-year forecast period.
Future trends to watch include potential impacts from advances in alternative materials, recycling initiatives, and shifts in domestic production capabilities. Trade policies, especially post-Brexit adjustments, and global market shifts towards sustainable products may further influence these import trends.
