The import of unwrought non-alloy aluminium to South Africa stood at 2.72 million kilograms in 2023. From 2024 onwards, forecasted data shows a consistent upward trend in import volumes. In 2024, the volume is expected to reach 2.83 million kilograms, marking a 4.04% year-on-year increase from the previous year. By 2025, the volume is predicted to rise to 2.94 million kilograms, representing a 3.93% increase from 2024. In 2026, the import volume is forecasted to grow by 3.70% to 3.05 million kilograms. By 2027, a further 3.50% increase is predicted, bringing the volume to 3.16 million kilograms. Finally, by 2028, the volume is expected to reach 3.26 million kilograms, showing a 3.31% growth from 2027. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 3.69%.
Future trends to watch for in the import of unwrought non-alloy aluminium to South Africa include potential changes in global aluminium prices, fluctuations in the South African Rand, and shifts in domestic demand influenced by industrial and construction activities. Additionally, trade policies and international relations could also impact import volumes.
