The UK's Manufacture of Structural Metal Products sector has demonstrated fluctuating production values over the past decade. The actual value for 2023 stood at £11.14 billion, showing a slight year-on-year increase of 1.36% from 2022. The most significant year-on-year variations include a drop of 22.04% in 2016 and a rise of 22.24% in 2021. The five-year Compound Annual Growth Rate (CAGR) for the period leading up to 2023 was 2.78%, reflecting moderate but steady growth. Forecasts suggest continued growth through 2028, with a forecasted five-year CAGR of 1.07% and a cumulative growth rate of 5.46%.

Future trends to watch for include:

Potential impacts of technological advancements on production efficiency.
Economic and political factors affecting construction and infrastructure investments.
Environmental regulations influencing material and production methods.