The production of aluminium bars, rods, and profiles in the UK is forecasted to grow steadily from 82.169 million kilograms in 2024 to 88.336 million kilograms by 2028. In 2023, actual production stood at 80.635 million kilograms, indicating a moderate growth trajectory. The year-on-year growth rates from 2024 onwards suggest continuous slight increases between 1.9% and 1.7%, providing a consistent upward trend. The five-year compound annual growth rate (CAGR) is estimated at about 1.8%, reflecting stable yet slow expansion within this sector.
Future trends to watch for include:
- Technological advancements fostering efficiency in production processes.
- Potential disruptions in supply chain logistics affecting production outputs.
- Shifts in demand driven by the automotive and construction industries adapting to more aluminium usage.
- Environmental regulations impacting production methods and costs.