Forecast: Steel Tin Mill Products, Tinplate, Shipments in the US

In 2023, the shipments of Steel Tin Mill Products, Tinplate stood at an actual volume of 940.0 Thousand Metric Tons. Looking into the forecast from 2024 to 2028, there is a clear downward trend with a decreasing volume year-on-year. By 2024, the forecasted shipments decline to 900.0, down 4.25% from 2023. This downward trend continues steadily each year: by 4.56% in 2025, 4.66% in 2026, 4.76% in 2027, and 4.87% in 2028, reaching 742.0 Thousand Metric Tons. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 suggests an average decline of approximately 4.6% per year.

Future trends to watch include potential shifts in demand due to changes in packaging industries, regulatory impacts on material usage, and technological advancements leading to alternative materials or improved production efficiencies. Monitoring these elements could provide early indicators of stabilization or reversal of the current trend.