In 2023, the consumption of purchased aluminum old auto shredder scrap in the US stood at approximately 113.70 thousand metric tons. The forecast for 2024 shows a decrease to 106.82 thousand metric tons, and it is projected to further decline consistently to reach 79.81 thousand metric tons by 2028. From 2023 to 2024, there is a projected year-on-year decline of 6.05%, while the compound annual growth rate (CAGR) from 2023 to 2028 is expected to be -6.91%.

Future trends to watch for include:

The influence of technological advancements in recycling processes, which could potentially reverse the downward trend.
Potential policy changes or incentives around sustainable automotive practices that may impact the demand and supply dynamics of aluminum auto scrap.
Shifts in the automotive industry towards electric vehicles, which may alter the composition and volume of scrap available.