The UK manufacturing sector for basic precious and other non-ferrous metals is projected to decline steadily from 2024 to 2028. Starting at £5.22 billion in 2024, it is expected to decrease to £4.94 billion by 2028. This represents an average annual decline (CAGR) of approximately -1.10%. The continuous downward trend suggests potential challenges such as decreased demand or increased competition.

Future trends to watch include:

Shifts in global demand for metals critical to technological and green energy advancements.
Impact of regulatory and trade policy changes post-Brexit.
Technological innovations that may alter industry dynamics significantly.