The UK’s forecasted sold production of aluminium and aluminium alloy plates, sheets, and strips indicates a decline from 115.17 million kg in 2024 to 97.225 million kg by 2028. This reflects a year-on-year decrease, with an overall compound annual growth rate (CAGR) of approximately -4% over the forecast period. In 2023, the production stood at 120 million kg, which emphasizes the downward trend.
Future trends to watch for include:
- Market impact from global economic conditions and trade agreements.
- Advancements in recycling and sustainable production processes driving efficiency.
- Demand shifts due to technological innovations and evolving industry requirements.
- Potential regulatory changes affecting production and supply chain dynamics.