In 2023, shipments of secondary aluminum alloys, specifically sand and permanent mold, No. 319 and variations, were at 22.50 thousand metric tons. From 2024, a consistent decline is forecasted: 2024 (19.48), 2025 (15.91), 2026 (12.41), 2027 (8.98), 2028 (5.62). This represents year-on-year decreases of approximately 18.7% in 2025, 22% in 2026, 27.6% in 2027, and 37.4% in 2028. The compound annual growth rate over these five years is forecasted to be approximately -19.6%.
Future trends to watch include:
- Market shifts towards more sustainable and eco-friendly materials.
- The impact of technological advancements in production efficiency.
- Potential changes in demand driven by evolving regulations and environmental concerns.
- Competitive pressures and economic fluctuations affecting pricing and availability.
