The forecast for Basic Iron, Steel, and Ferro-Alloys Gross Value Added (GVA) per employee full-time equivalent (FTE) in the UK from 2024 to 2028 displays a declining trend, starting at 47.0 thousand euros in 2024 and gradually decreasing to 43.0 thousand euros in 2028. In 2023, the GVA stood higher; the year-on-year variation reveals a consistent decline of around 2.1% per annum over the forecast period. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average yearly decrease of approximately 2.1%.
Future trends to watch for include potential impacts of technological advancements on productivity, shifts in industry demand, and changes in policy or trade dynamics that could influence the industry's economic performance and GVA per FTE. Monitoring these factors will be crucial for identifying opportunities or threats in the market.
