The import of aluminium wire, cables, steel core to the US is forecasted to increase steadily from 2024 to 2028, starting at 31.892 million kilograms in 2024 and reaching 34.631 million kilograms by 2028. This represents a compound annual growth rate (CAGR) over this five-year period. From a year-on-year perspective, this trend is indicative of consistent growth in imports, driven by industry demand and infrastructure projects.
In 2023, the actual import volume was notably lower, indicating a significant upswing in volume as we move into the forecasted years. Key trends to observe will include the effects of geopolitical factors, trade policies, and advancements in domestic production capabilities, all of which may influence future import strategies and volumes.
