The Aluminium Bars, Rods, and Profiles market in the UK has seen fluctuations over the past decade. From 2012 to 2022, the market volume experienced a notable increase in 2013, reaching 140.07 million kilograms, before facing slight declines and hitting a significant drop in 2020 with 118.8 million kilograms. The most substantial growth occurred in 2017, with a year-on-year increase of 12.17%. However, market volume dipped in 2019 and especially in 2020, with a year-on-year decrease of 14.15%. The market partially rebounded in 2021 with a 21.4% rise, maintaining slight growth in 2022 at 145.29 million kilograms.
Key points:
- Significant year-on-year growth in 2017 (12.17%)
- Major decline in 2020 (-14.15%)
- Rebound in 2021 (21.4%)
- Marginal increase in 2022 (0.74%)
Long-term trends show a volatile market with an overall negative compound annual growth rate (CAGR) between 2017 and 2022. This trend indicates a contraction in the market during this period, highlighting the impact of economic factors and possibly the COVID-19 pandemic.
Future trends to watch for include advancements in aluminium manufacturing technologies, increased demand from the automotive and construction sectors, and potential policy changes related to material usage and trade that may influence market dynamics. Environmental sustainability initiatives could also drive demand for recycled aluminium, affecting market supply and demand.
How does the United Kingdom rank in Aluminium Bars, Rods and Profiles Market Size Volume?
| # | 13 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 699,580,000 | 2023 | -0.98% | -1.68% | View data |
| 2 | 2 Italy | 552,940,000 | 2023 | -0.35% | +1.23% | View data |
| 3 | 3 Poland | 339,130,000 | 2023 | +5.88% | +4.98% | View data |
| 4 | 4 France | 332,050,000 | 2023 | +0.6% | +0.13% | View data |
| 5 | 5 Netherlands | 300,210,000 | 2023 | +4.46% | +5.97% | View data |
| 6 | 6 United Kingdom | 146,340,000 | 2023 | +0.72% | +0.096% | |
| 7 | 7 Portugal | 66,107,000 | 2023 | +0.76% | +0.75% | View data |
| 8 | 8 Slovakia | 40,128,000 | 2023 | +3.53% | +1% | View data |
