In 2023, the UK imported mats of glass fibres totaling approximately 11.9 million kilograms. Forecasts for 2024 to 2028 indicate a steady increase in imports, starting at 12.155 million kilograms in 2024, with a year-on-year growth rate average of around 0.67%. This consistent growth is reflected in a Compound Annual Growth Rate (CAGR) of approximately 1.1% over the five-year period, reaching 12.47 million kilograms by 2028.
Future trends to monitor include:
- Potential impacts of UK trade policies and any changes to international trade agreements, especially post-Brexit.
- Innovations and advancements in glass fibre production that might influence import volumes.
- The role of environmental regulations and sustainability initiatives affecting the demand for glass fibre-based materials.