The forecast for the import of Aluminium and Articles Thereof to the US shows a continuous growth from 2024 to 2028. The forecasted value for 2024 is $28.617 billion. By 2028, it is expected to reach $31.764 billion, indicating a year-on-year growth rate of about 2-3% annually. In 2023, actual import value stood lower, emphasizing a positive growth trajectory. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is also projected to be around 2-3%.
Future trends to watch for:
- Impact of trade policies on import volumes, particularly concerning tariffs and trade agreements.
- Advancements in recycling and sustainable practices that might influence demand for primary aluminium imports.
- Potential economic fluctuations which could impact industrial requirements for aluminium.
