In 2023, consumer stocks of pig iron in Illinois stood at an actual level that forecasts predict will decline steadily from 2024 through 2028. The forecast data suggests a year-on-year decrease, with the value dropping from 9.62 thousand metric tons in 2024 to 9.08 thousand metric tons by 2028. This translates to an overall negative compound annual growth rate (CAGR) over the five-year period.

Trends to watch for in the future include:

Impact of technological advancements on production and consumption patterns.
Potential shifts in trade policies affecting supply and demand dynamics.
Fluctuations in global economic conditions that may influence consumer confidence and purchasing power.