Forecast: Turnover in Wholesale of Metals and Metal Ores Sector in the UK

In 2023, the UK's wholesale of metals and metal ores sector had a turnover valued at approximately 27.0 Billion Pounds Sterling. From 2024 to 2028, the sector is forecasted to grow, reaching 29.28 Billion Pounds Sterling by 2028. The year-on-year percentage increase shows steady growth, with the most significant rate observed between 2024 and 2028. Over this period, the compound annual growth rate (CAGR) is expected to be modest, reflecting a stable and progressive expansion of the sector.

Future trends to watch for include:

  • Fluctuations in global demand for metals influenced by industrial growth or recessionary pressures.
  • Potential impacts of technological advancements and sustainability initiatives on metal consumption and sourcing.
  • Policy changes relating to trade, tariffs, and environmental regulations.

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