The turnover in the metal manufacturing sector in the UK is forecasted to minimally decrease over the next five years, from 2.78 billion Euros in 2024 and 2025 to 2.76 billion Euros by 2028. In 2023, the turnover stood at 2.79 billion Euros. The year-on-year variations show a steady but slight decline, with a decrement of approximately 0.36% annually from 2024 to 2028. The compound annual growth rate (CAGR) over the last five years indicates an average annual decrease of nearly 0.13%.
Future trends to monitor include potential fluctuations due to global economic conditions, changes in raw material costs, technological advancements in production processes, and evolving trade policies that could impact import and export activities.