In 2023, the production of unwrought aluminium alloys in the UK stood at 336 million kilograms. The forecasted data from 2024 to 2028 shows a slight year-on-year decline: -0.21% in 2025, -0.20% in 2026, -0.20% in 2027, and -0.20% in 2028. This results in an average compound annual growth rate (CAGR) of -0.21% over the five-year period. The downward trend reflects a gradual decrease in production each year.
Future trends to watch for:
- Market demand shifts due to increased focus on sustainability and recycling of aluminum.
- Potential impacts of evolving trade policies and economic conditions on aluminum imports and exports.
- Technological advancements in production methods that could influence efficiency and output volumes.