In 2023, the value of the UK's import of unwrought non-alloy aluminium was approximately 376.50 million US dollars. Moving forward from 2024 to 2028, a slight but consistent decrease in import value is projected, with a year-on-year reduction averaging at around 0.7%. Specifically, from 2024 to 2025, the decline is projected at 0.59%, from 2025 to 2026 at 0.59%, from 2026 to 2027 at 0.58%, and from 2027 to 2028 at 0.57%. The compound annual growth rate (CAGR) over this five-year period is expected to be -0.58%, indicating a consistent decline.
Looking at future trends, key factors to watch include global aluminium prices, the UK's changing industrial demand, trade policies post-Brexit, and advancements in recycling technologies that could impact the demand for unwrought aluminium. Diversification in sourcing and changes in tariffs could also influence import values.
