The UK's precious metals and non-ferrous metals manufacturing sector has shown a general decline from €8.07 billion in 2013 to €5.13 billion forecasted for 2028. The turnover witnessed a significant drop of 13.95% in 2016, while minor fluctuations occurred between 2017 and 2022. The year-on-year change for 2023 is -2.62%, and a forecasted 5-year CAGR of -2.4% suggests a continuous downturn with an overall 11.44% decline by 2028.
Key future trends to monitor include technological advancements, shifts in global demand, regulatory changes, and environmental sustainability efforts. Continued focus on innovation and efficiency within the sector will be crucial to counteract forecasted declines.
