The import of not backed aluminium foil to the UK is forecasted to increase steadily from 36.71 million kilograms in 2024 to 40.251 million kilograms in 2028. In 2023, the actual import value stood at 36.05 million kilograms, indicating a continuous growth trend. The year-on-year growth rates fluctuate slightly but remain positive, with the average growth over the period projecting a compound annual growth rate (CAGR) of approximately 2.3% from 2024 to 2028.
Future trends to watch for include:
- Potential changes in trade policies and tariffs due to Brexit outcomes.
- Fluctuations in global aluminium prices impacting import levels.
- Technological advances in production potentially enhancing domestic supply.
