In 2023, the UK imported approximately 4.75 million kilograms of iron or steel cold-formed helical springs. Forecasts suggest a steady decline in imports, beginning in 2024 with 4.65 million kilograms, decreasing to 4.24 million kilograms by 2028. The year-on-year percentage decreases suggest a modest contraction in annual import volumes with a compound annual growth rate (CAGR) reflecting a negative trend over this period.
Future trends to watch for include potential shifts in domestic steel spring production or changing trade relationships post-Brexit that could impact the volume of imports and the economic factors influencing the demand for industrial applications crucial to the UK economy.
