The forecasted stocks of purchased aluminum new scrap wrought sheet and clippings at other consumers in the US illustrate a steady upward trajectory, beginning at 322.96 thousand metric tons in 2024 and reaching 554.55 thousand metric tons by 2028. This expansion over five years results in a compound annual growth rate (CAGR) that suggests consistent market growth. Notably, with no reference point for 2023 provided, we focus on these forecasts.
Year-on-year variations:
- 2024 to 2025: 18.08% increase
- 2025 to 2026: 15.23% increase
- 2026 to 2027: 13.08% increase
- 2027 to 2028: 11.47% increase
Future trends to watch for include potential impacts from technological advancements in recycling processes and changes in import/export policies that could influence supply chains and material availability, thereby affecting future demand and stock levels.
