Industry Analysis & Industry Trends
After a highly volatile five years, the revenue of the Other Non-Ferrous Metal Production industry is expected to reach £1.1 billion at the close of 2016-17. The industry's revenue is forecast to fall at a compound annual rate of 10.7% over the five years through 2016-17, largely on account of fluctuations in nickel and titanium prices. Production of these two metals is expected to account for more than two-thirds of the industry's revenue. Nickel prices have fluctuated over the period, while titanium prices peaked in 2011 and have declined since. Low metal prices are expected to underpin the 11.8% fall in revenue expected in 2016-17.
Nickel prices have plummeted twice over the past five years... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the decline phase of its economic life cycle. Industry value added, which measures contribution to the wider economy, is set to fall at a compound annual rate of 6.0% over the 10 years through 2021-22. Meanwhile, the economy is expected to grow at a compound annual rate of 2.3% over the same period. Sharp falls in nickel and titanium prices in recent years have caused industry revenue to decline significantly over the past five years but this is expected to recover somewhat over the following period as a result of improving demand. However, the number of firms engaged other non-ferrous metal production has plunged as a result of industry rationalisation and employment numbers have fallen consistently over the past decade.
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