In 2023, shipments of secondary aluminum alloys, specifically diecast alloys (13% Si, 360, etc., with 0.6% Cu maximum), stood at an estimated 17.2 thousand metric tons. Forecasted data suggests a declining trend from 2024 to 2028, with values dropping from 16.11 to 12.06 thousand metric tons, reflecting a consistent contraction. Year-on-year percentage decreases average around 6% over this period. The compound annual growth rate (CAGR) over five years shows an average decline of around 7.1% per annum.
Future trends to watch include:
- Impacts of technological advancements on aluminum recycling efficiency.
- Potential market shifts due to global economic conditions.
- Evolving regulations affecting secondary aluminum production and consumption.
