In 2023, the actual import value of rosin and resin acids to the UK stood at an estimated 30 million US Dollars. Forecast data from 2024 to 2028 indicates a downward trend in imports, decreasing from 27.908 million in 2024 to 18.283 million by 2028. This represents a year-on-year decrease, with the most significant drop observed between 2027 and 2028. The compound annual growth rate (CAGR) over this period suggests an average annual decline of approximately 8.24%.
Future trends to watch for include:
- Potential changes in global trade policies that could affect import costs and volumes.
- Shifts in domestic demand and production capabilities within the UK that could alter import needs.
- Advancements in alternative materials that could displace traditional rosin and resin acid uses.
