The forecast for the UK’s Wholesale of Metals and Metal Ores sector shows a steady trend, with production valued at approximately £3.41 billion annually from 2024 to 2026, slightly dipping to £3.4 billion from 2027 to 2028. This stability indicates negligible growth, following a likely flatline in actual production through 2023. While the year-on-year growth is almost nonexistent, the data suggests a lack of development, with a projected Compound Annual Growth Rate (CAGR) near zero over five years.
Future trends to watch for include potential economic shifts impacting metal demand, technological advancements in metal production, and changes in global trade policies that could influence UK exports and imports within the sector.