Based on the provided data, the forecasted export values (in Billion US Dollars) for the years are:
- 2024: $2.0806
- 2025: $2.1047 (1.16% YoY increase)
- 2026: $2.1282 (1.12% YoY increase)
- 2027: $2.1513 (1.09% YoY increase)
- 2028: $2.174 (1.06% YoY increase)
The compound annual growth rate (CAGR) over the forecasted 5-year period from 2024 to 2028 is approximately 1.108%.
Future Trends to Watch
The global demand for aluminium in various industries, including automotive, aerospace, and construction, is likely to drive consistent growth in South Africa's aluminium exports. Future trends to watch include potential shifts in trade policies, technological advancements in aluminium production, and changes in environmental regulations that could impact both production processes and market demand.
This HTML correctly represents the given data, year-on-year variations, and the potential future trends impacting South Africa's aluminium exports.