The import of aluminium bars, rods, and profiles to the US is projected to increase steadily over the next five years, starting from 1.3762 billion USD in 2024, reaching 1.5348 billion USD by 2028. In 2023, the import level was recorded at 1.32 billion USD, indicating a robust upward trend. The year-on-year growth is approximately 3% over the last two years, with a five-year CAGR projecting an average annual increase of about 3.5%.
Future trends to watch for include:
- The impact of trade policy changes on import tariffs and regulations.
- Technological advancements in aluminium production and recycling.
- Fluctuations in global aluminium prices and the influence of raw material supply chains.