Fastest Declining Industries in United Kingdom by Revenue Growth (%) in 2026

• 1. Hard Coal Mining in the UK

  2026 Revenue Growth: -33.6%

  Over the five years through 2024-25, hard coal mining revenue is forecast to sink at a compound annual rate of 39.7% to £11.9 million, including an 83% fall in revenue in 2024-25 due to Merthyr (South Wales) stopping trading as it finished selling its coal reserves in 2023-24. Leaving Energybuild as the only large-scale coal mine in the UK. This follows the long term decline of the industry, caused by falling sales and weak profitability, which slashed the number of UK coal mines in the UK fr...

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• 2. Video & Game Rental in the UK

  2026 Revenue Growth: -12.3%

  The Video and Game Rental industry has experienced massive structural change over the past decade or so because of the shift in consumer preference towards streaming services and the exit of major players. Over the five years through 2024-25, revenue is projected to decline at a compound annual rate of 17.2% to £11.5 million, This includes an expected 8.8% drop in 2024-25.

   

  The industry's transformation has been driven by huge pressure on profitability driving more rental busin...

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• 3. Sugar Production in the UK

  2026 Revenue Growth: -10.3%

  Over the five years through 2023-24, revenue is expected to climb at a compound annual rate of 3.4% to £1 billion. Volatile global sugar prices have shaped the industry's performance due to supply chain disruption from Ukraine's geo-political conflict and poor weather conditions in farming countries. Some companies have remained resilient despite price volatility and other obstacles like the sugar tax. This is mainly due to producers hoisting their prices and passing them on to consumers.

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• 4. Electricity Distribution & Control Apparatus Manufacturing in the UK

  2026 Revenue Growth: -9.9%

  Revenue is forecast to fall at a compound annual rate of 3.8% over the five years through 2024-25 to £2.5 billion. Rising competition from overseas manufacturers has ramped up the share of domestic demand satisfied by imports. Economic uncertainty created by the Brexit vote and the aftermath of the pandemic has also weighed on revenue. However, investment in electricity infrastructure and government initiatives aimed at replenishing the country's housing stock has stemmed the fall in electric...

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• 5. Chemical & Fertiliser Mineral Mining in the UK

  2026 Revenue Growth: -9.7%

  The Chemical and Fertiliser Mineral Mining industry's revenue has expanded at a compound annual rate of 9.7% over the five years to 2024-25. The industry's production has shifted considerably as the largest mineral extractor, Cleveland Potash, changed its mine's production from muriate of potash to sulphate of potash (polyhalite) in 2018, causing revenue to fall as the company had to ramp up production. The two other major companies in the industry, Schlumberger Oilfield and Green Land have a...

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• 6. Gas Supply in the UK

  2026 Revenue Growth: -7.9%

  The gas supply industry has experienced a period of significant volatility in recent years. Industry regulator Ofgem encouraged greater competition in the industry prior to the pandemic, leading to a rapid rise in the market share of independent suppliers. This culminated in the effective break-up of the former Big Six energy suppliers in January 2020, following OVO Energy's acquisition of SSE's domestic customer book. However, record-high wholesale prices have reversed the upward trend in ma...

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• 7. Off-Licences in the UK

  2026 Revenue Growth: -7.6%

  Off-licences are facing major hurdles. Supermarkets have been undercutting them on prices and online retailers have been further eating into the market, undercutting off-licences because they don't have to pay for rent or customer-facing staff. The freezing of alcohol duty until February 2025 should alleviate profit volatility, as off-licences can purchase alcoholic goods at a lower cost per unit.

  In 2024-25, inflation remains high, dampening consumer confidence and tightening househol...

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• 8. Steel Drum & Similar Container Manufacturing in the UK

  2026 Revenue Growth: -7.4%

  Steel drums are a staple of industrial packaging, used to store and transport bulk quantities of more products than mentionable. According to international regulations, steel drums are made of heavy-duty steel to be durable and corrosion-resistant. The most common steel drum size is 55 gallons (210 litres), designed with a removable top and a bottom opening for draining or dispensing. The Steel Drum and Similar Container Manufacturing industry's revenue is expected to contract at a compound a...

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• 9. Cider Production in the UK

  2026 Revenue Growth: -7.4%

  Industry revenue is projected to decline at a compound annual rate of 3.7% over the five years through 2024-25, reaching approximately £581 million, but is expected to grow by 4.5% in 2024-25. Despite the rapid entry of new players and the development of craft and premium ciders, the COVID-19 outbreak and the cost-of-living crisis since 2022-23 severely impacted industry performance, especially for standard ciders like Bulmers and Strongbow. Consumers tightened their purse strings, reducing p...

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• 10. Other Non-Ferrous Metal Production in the UK

  2026 Revenue Growth: -6.9%

  The Other Non-Ferrous Metal Production industry's revenue is expected to hike at a compound annual rate of 4.2% over the five years through 2024-25 to £2.2 billion. Owing mostly to soaring non-ferrous metal price inflation in 2022-23 due to the Russia-Ukraine conflict. Since Russia and (to a lesser degree) Ukraine are both major exporters of ores containing nickel, titanium and other non-ferrous metals, the Russia-Ukraine conflict has significantly disrupted the global market for these metals...

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