In 2023, the UK's import of aluminium ores and concentrates was approximately X million kilograms. The forecast from 2024 to 2028 shows a significant downward trend, with imports decreasing annually. Specifically, year-on-year, imports are anticipated to decline by 24.7% in 2025, 32.2% in 2026, 46.5% in 2027, and 85.4% in 2028. The compound annual growth rate (CAGR) over the next five years is forecasted to be negative, indicating a shrinking import market for this sector.
Future trends to watch for:
- Potential changes in trade policies and tariffs affecting imports.
- Shifts in global aluminium production and supply chain dynamics.
- Developments in the UK's domestic aluminium extraction capabilities.
- Technological advancements that may reduce the need for raw aluminium imports.
