In 2023, the UK saw an actual sold production of aluminium alloy plates, sheets, and strips valued at approximately 122.54 million kilograms. Forecasted data indicates a consistent yearly decline in production volume from 2024 to 2028. Specifically, a year-on-year decrease of around 3% is anticipated from 2024 through 2025, continuing at a similar rate through subsequent years. Over the five-year forecast period, the compound annual growth rate (CAGR) suggests an average annual decline of about 3.5%.
Future trends to watch include:
- Impact of global demand changes and alternative materials on aluminium consumption.
- Technological advancements potentially boosting production efficiency.
- Economic and regulatory factors influencing production capabilities and costs.