In 2023, the number of aluminium enterprises in the UK was recorded at 115. The forecast indicates a gradual decline, with enterprise numbers expected to decrease to 112 in 2024, 109 in 2025, and down to 102 by 2028. This represents a consistent year-on-year reduction.
- Year-on-year decline from 2024 to 2025 is projected at 2.68%.
- From 2025 to 2026, the decline slows slightly to 1.83%.
- The reduction from 2026 to 2027 remains steady at 2.80%.
- Overall, the average annual decline (CAGR) from 2023 to 2028 is projected at approximately 2.40%.
Future trends to watch include the potential impacts of Brexit on trade, technological advancements in aluminium production, and environmental regulations which could influence the operational viability of smaller enterprises within this sector. These factors could either expedite the decline or stabilize enterprise counts depending on the strategic adaptations by the industry. Monitoring these developments will be crucial for forecasting future changes in the number of aluminium enterprises in the UK.
