Based on the forecasted data, the production values (in million metric tons) for the years 2024 to 2028 are as follows: 1.1704, 1.1787, 1.1869, 1.195, 1.2029. The year-on-year variations in percentage are approximately 0.71%, 0.69%, 0.68%, and 0.66%, respectively. The Compound Annual Growth Rate (CAGR) over this period is about 0.68%, indicating a steady but moderate increase in production volume.
Future trends to watch for include advancements in recycling technologies, increased demand from the automotive and aerospace sectors, and potential impacts of trade policies and tariffs on the supply chain. Monitoring these factors will be crucial for anticipating further shifts in production.
