Based on forecasted data from 2024 to 2028, imports of asphalt or similar material articles in rolls to the US are expected to consistently increase each year. The value of imports starts at $188.04 million in 2024 and rises to $209.12 million by 2028, indicating a steady growth trajectory. Year-on-year, this represents a gradual increase of approximately 2.86% from 2024 through 2028.
In 2023, the actual import value was lower than the forecasted 2024 value, indicating a positive trend continuation into the forecasted period. The compound annual growth rate (CAGR) over the five-year forecast period highlights consistent annual growth.
Future trends to watch for include potential changes in construction activity, infrastructure development projects, and any international trade policies that could affect import levels. Additionally, fluctuations in the price of asphalt or innovations in alternative materials could influence demand and import volumes.
