As of 2023, the import of boards of vegetable fibre with mineral binder or cement to the UK stood at $53.2 million USD. Forecasts from 2024 to 2028 indicate a steady increase in import value from $55.75 million USD to $65.396 million USD, reflecting a compound annual growth rate (CAGR) of 4.1%. In 2024, the imports are expected to rise by 4.8% year-on-year compared to 2023. The import value is projected to continue this upward trajectory through 2028 without significant volatility.
Future trends to watch for include:
- Fluctuations in the construction and building materials sector, which could affect demand for imported boards.
- Potential regulatory changes in trade policies post-Brexit that may impact import tariffs and costs.
- Technological advancements in material production that may alter the demand dynamics.