From 2013 to 2023, the UK's aluminium market volume has exhibited fluctuations, reaching 1.1871 billion kilograms in 2023. The market demonstrated robust growth until 2017, followed by declines in 2018 and 2019, and a significant drop in 2020. However, it showed recovery from 2021 onward. Year-on-year, the volume increased by 0.12% in both 2022 and 2023. The last 5-year CAGR before 2023 is -0.81%.
For the forecasted period of 2024 to 2028, the aluminium market volume is expected to grow at a modest CAGR of 0.1%, with a cumulative growth of 0.5% by 2028. Future trends to watch include potential impacts of sustainability initiatives, shifts in automotive and aerospace demand, and global economic conditions.
