The forecast indicates a steady increase in the U.S. Turnings and Borings ending stocks from 2024 to 2028, from 192.8 to 204.6 thousand metric tons. This represents a consistent year-on-year growth, averaging a CAGR of approximately 1.5% over the five-year forecast period. Compared to the 2023 figures, this signifies an upward trend in inventory levels.
Future trends to watch for include:
- Impact of technological advancements in recycling and waste reduction on stock levels.
- Changes in manufacturing activities and their influence on production and, subsequently, ending stocks.
- Potential policy shifts and environmental regulations affecting industry practices and thus stock management.