The forecast for the import of ingot moulds and ladles used in metallurgy foundries to the US indicates a gradual decline after 2023's actual values. In 2024, imports are expected to be at 2.0103 million kilograms and continue to decrease annually, reaching 1.7534 million kilograms by 2028. Comparing year-on-year, the reduction from 2024 to 2025 is 3.30%, from 2025 to 2026 is 3.34%, and similar diminishing rates follow. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -2.68%.
Future trends to watch for include potential shifts in international trade policies, technological advancements in metallurgy foundries that might reduce reliance on imports, and any developments in domestic manufacturing capabilities, which could further influence import volumes.
