The unwrought zinc market in the UK experienced fluctuations over the past decade, seeing initial growth from 2013 to 2015, followed by a declining trend until 2020. The market faced a significant decrease of over 15% in 2020, attributed mainly to reduced demand. A notable recovery was observed in 2021, with a near 20% increase, though subsequent years showed slight declines up to 2023, with the market valued at approximately 257.41 million euros. Over the last five years, the CAGR reflects a negative average annual change of -1.11%.
Future trends to watch for include:
- Potential influence of environmental regulations on zinc production and usage.
- Technological advancements in zinc recycling processes.
- Fluctuations in global zinc demand impacting local markets.
- Economic policies concerning post-Brexit trade affecting import and export dynamics.