The Aluminium Market in the UK has shown fluctuation over the past decade. Starting at 1.1572 Billion Kilograms in 2012, the market experienced a dip in 2013 but rebounded in 2014. From 2015 to 2016, there was a noticeable increase with the highest growth observed between 2015 and 2016. However, a slight decline emerged in 2018 and 2019. The most significant drop occurred in 2020, primarily influenced by global disruptions. In 2021, the market rebounded impressively but stabilized in 2022 with a minimal growth of 0.12%. As of 2023, the market is relatively stable.
Key trends over the last two years show robust recovery in 2021 and stabilization in 2022:
- 2021: +20.63% YoY
- 2022: +0.12% YoY
The CAGR over the last five years stands at -2.09%, exhibiting a slow recovery but an eventual stabilization towards the end of the analyzed period.
Future trends to watch for include the impact of environmental policies on aluminium production, advancements in recycling technologies, and the overall economic climate. Continued investment in sustainable practices and demand from key industries like automotive and construction will play a crucial role in shaping the market trajectory.
How does the United Kingdom rank in Aluminium Market Size Volume?
| # | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 8,408,200,000 | 2023 | +0.83% | -0.58% | View data |
| 2 | 2 Italy | 3,489,000,000 | 2023 | +0.62% | -0.32% | View data |
| 3 | 3 France | 2,678,000,000 | 2023 | +3.22% | +3.73% | View data |
| 4 | 4 Poland | 1,733,000,000 | 2023 | +4.27% | +3.38% | View data |
| 5 | 5 United Kingdom | 1,187,100,000 | 2023 | +0.12% | -0.81% | |
| 6 | 6 Austria | 930,720,000 | 2023 | +6.5% | +1.16% | View data |
| 7 | 7 Slovakia | 644,540,000 | 2023 | +3.57% | +1.73% | View data |
