The import of moulds for mineral materials into the UK is projected to increase steadily from 2024 to 2028, as indicated by forecasted values rising from $25.091 million in 2024 to $28.558 million in 2028. In 2023, the import value was $24.33 million, illustrating a consistent growth pattern. The year-on-year growth from 2024 to 2025 is approximately 3.56%, followed by 3.37% in 2026, 3.20% in 2027, and 3.03% in 2028. Over this five-year period, the compound annual growth rate (CAGR) is expected to be around 3.29%.
Future trends to watch for include:
- Technological advancements, which could impact the design and efficiency of moulds, potentially affecting import volumes.
- Fluctuations in the construction and manufacturing sectors, as these industries significantly drive demand for mineral moulds.
- Potential trade policies and economic conditions that could influence the cost and accessibility of importing such materials to the UK.