Key Market Indicators
The British non-ferrous metal export market is projected to hit 1.9 million metric tons by 2028. This represents a slight increase from 1.88 million metric tons in 2023, with an average annual growth rate of 0.1%. Since 2005, the UK's supply has grown steadily at a rate of 0.3% per year. In 2023, the UK ranked 10th globally in this sector, trailing Belgium, which recorded exports of 1.88 million metric tons. Spain, France, and the Netherlands occupied the second, third, and fourth spots respectively. On the import side, the UK's non-ferrous metal intake is expected to decrease marginally to 2.6 million metric tons by 2028, down from 2.62 million metric tons in 2023. This marks a slight annual decline of 0.1%. Since 2005, however, the UK's demand has seen a consistent annual growth of 1%. In 2023, the UK was ranked 9th in imports, with Poland ahead at 2.62 million metric tons. Spain, France, and Norway held the second, third, and fourth positions in this ranking.
