Key Market Indicators
British Metal Products Sales are projected to decline to €10.9 billion by 2028, down from €11 billion in 2023, marking a 0.2% year-on-year decrease in compound annual growth rate (CAGR). This follows a decade-long trend, with the British market shrinking by 0.5% annually since 2013. In 2023, the United Kingdom ranked fifth in the European metal products market, trailing behind Poland, which led the market with sales of €11 billion. Italy, France, and Poland occupied the second, third, and fourth positions, respectively. On the export front, British Metal Products are expected to drop to $784 million by 2028 from $922 million in 2023, reflecting a 2.6% annual decline. This continues a long-term downward trend, with exports falling by 3.2% annually since 1998. Conversely, imports of British Metal Products are anticipated to rise slightly, reaching $2.1 billion by 2028 from $2.05 billion in 2023, growing at an average annual rate of 0.4%. Since 1998, the demand for imported metal products in the UK has been increasing by 0.2% each year.
