As of 2023, the UK's import of aluminium waste or scrap was recorded at 188 million US Dollars. The forecasted data from 2024 to 2028 shows a gradual increase from 190 million to 195.14 million US Dollars, reflecting a consistent upward trend. The year-on-year growth rates for each subsequent year are modest, averaging around 0.7% annually over the five-year period.
Future trends to watch include:
- Potential shifts in global aluminium supply and demand dynamics.
- Policy changes regarding metal recycling in the UK and EU.
- Technological advancements in recycling efficiency and capability.
- Fluctuations in the global economy affecting commodity prices.
