The import of castors of base metal to the US is set to increase steadily from 33.0 million kilograms in 2024 to 34.639 million kilograms by 2028. This forecast reflects a moderate growth trend with key year-on-year increases ranging from 1.28% to 1.62%. By 2028, the compound annual growth rate (CAGR) over the five-year period is estimated at approximately 1.21%. In 2023, import stood at an actual volume lower than the forecast given for 2024, indicating a continued upward trend.
Future trends to watch for include potential impacts of trade policies and tariffs, technological advancements in manufacturing, and shifts in demand for mobility and transportation equipment that may influence import volumes.
