The import of bars, rods, and profiles of aluminium to the UK is projected to decline significantly from 2024 to 2028. In 2023, the import volume was higher, reflecting a downtrend in subsequent years. The year-on-year decrease from 2024 to 2025 is about 17.3%, with a continuing reduction of 20.5% from 2025 to 2026. This decline persists with a 25.3% reduction from 2026 to 2027 and finally, a sharp 33.2% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over these five years is negative, indicating a consistent trend of decreasing imports.
Future trends to watch for:
- Potential shifts in UK industrial demand for aluminium products.
- The impact of global aluminium market prices on import volumes.
- Changes in trade policies or tariffs affecting aluminium imports.
- Technological advancements in aluminium alternatives which may decrease demand.
