From 2013 to 2023, the sold production of aluminium foil in the UK has exhibited fluctuations, surging from 13.963 million kilograms in 2015 to a peak of 31.233 million kilograms in 2018, followed by subsequent declines. In 2023, the value stood at 29.889 million kilograms, showing a minor year-on-year decrease. The 5-year CAGR leading up to 2023 was -0.88%, indicating a slight overall decline.
Looking ahead, the forecast from 2024 to 2028 suggests a gradual decline, with production expected to taper gently, culminating at 29.104 million kilograms by 2028. The forecasted 5-year CAGR stands at -0.42%, illustrating a slow but steady downward trend.
Future trends to watch for:
- Technological advancements and manufacturing efficiencies may counteract declines.
- Environmental regulations related to production and recycling could impact output levels.
- Market demand shifts, particularly in packaging and automotive industries, will influence production trends.
