In 2023, the number of enterprises in the precious metals and non-ferrous metals manufacturing sector in the UK stood at 293. Forecast data indicate a declining trend from 2024, with enterprises expected to reduce from 285 in 2024 to 256 by 2028. This represents a year-on-year decline of approximately 2.8% in 2025, 2.5% in 2026, 2.6% in 2027, and 2.7% in 2028. Over the five-year period, the compound annual growth rate (CAGR) suggests an average annual decrease of around 2.6%.

Future Trends to Watch:

Technology and automation advancements impacting production processes.
Changes in global demand for non-ferrous metals affecting enterprise numbers.
Policy and regulation shifts, including environmental standards and trade agreements.
Expansion in recycling and sustainable sourcing methods within the industry.