In 2023, the import of unwrought aluminium alloys to South Africa stood at a level preceding the forecasted values for 2024 onwards. Based on the data provided, imports are set to increase progressively each year from 46.109 million kilograms in 2024 to 49.57 million kilograms in 2028. The year-on-year variations show a steady upward trend of approximately 1.93% between 2024 and 2025, 1.86% from 2025 to 2026, 1.79% from 2026 to 2027, and 1.72% from 2027 to 2028. Over the entire five-year forecast period, the Compound Annual Growth Rate (CAGR) averages out to about 1.82%.
Future trends to watch for include potential shifts in global aluminium supply chains, changes in tariffs or trade policies, and technological advancements in recycling which might reduce the demand for imported unwrought aluminium alloys. Additionally, increasing emphasis on sustainability and environmental regulations could also impact import volumes in the coming years.
