The forecast for the UK's import of unwrought aluminium from 2024 to 2028 indicates a gradual decline, starting from 221.22 million kilograms in 2024 to 211.81 million kilograms by 2028. This represents a consistent year-on-year decrease of approximately 1% to 1.2% annually. Compared to 2023, where imports stood slightly higher, this downward trajectory highlights a potential reduction in demand or increases in local production efficiency.
Key future trends to watch include:
- Shifts in UK's industrial aluminum demand due to evolving automotive and aerospace sectors.
- Global market fluctuations influenced by geopolitical factors or trade agreements.
- The impact of increasing sustainability regulations possibly promoting recycling over fresh imports.