The import of undenatured ethyl alcohol to the UK stood at 644.53 Million Kilograms in 2023. Over the past decade, the import values have shown considerable fluctuations, with significant peaks in 2015 and 2017. The import value dipped slightly in 2020, but then rebounded notably in the subsequent years, showing a steady upward trend. The year-on-year variation for 2022 was 4.13%, and for 2023, it was 3.88%. The Compound Annual Growth Rate (CAGR) over the past five years is 4.24%.
Looking ahead, the forecast indicates a consistent growth in import volumes, with a predicted value of 770.43 Million Kilograms by 2028. The forecasted 5-year CAGR is 2.8%, suggesting a more moderate but steady growth trajectory. The focus should be on monitoring global supply chain dynamics, potential regulatory changes, and evolving market demands to anticipate future trends accurately.