In 2023, the UK's import of aluminium alloy rectangular plates, sheets, and strips stood at approximately 670 million kilograms. Forecasted data from 2024 to 2028 indicates a steady year-on-year growth in import volume. Starting from 687.91 million kilograms in 2024, it is expected to increase to 764.24 million kilograms by 2028, reflecting a Compound Annual Growth Rate (CAGR) of about 2.64%.
Future trends to watch for include:
- Potential fluctuations in global aluminium prices impacting import volumes.
- Technological advancements potentially increasing demand for lightweight materials in industries such as automotive and aerospace.
- Political and trade relations influencing import strategies.
- Environmental regulations affecting sourcing options and preferences for recycled materials.