The import of aluminium plates, sheets, and strip to South Africa has shown notable variability. From 2013 to 2023, imports increased from 90.47 million USD to 289.93 million USD. Year-on-year variations have ranged notably, with significant growths such as 98.7% in 2013 and 39.37% in 2018, as well as declines, notably a decrease of 12.1% in 2020. Over the last two years, imports grew less robustly by 5.08% in 2022 and 4.74% in 2023. The last 5 years saw an average annual growth (CAGR) of 3.84%.
Looking ahead, the forecast predicts continued growth with imports reaching 358.42 million USD by 2028, representing a 5-year CAGR of 3.33% and an overall growth rate of 17.78%. Future trends to watch include potential market shifts due to economic factors, trade policies, and evolving demand in related sectors.
