The production volumes of non-ferrous metals in the US experienced a fluctuating trend over the past decade. In 2023, the value stood at 103.13 billion US dollars. From 2013 to 2023, the market saw periods of decline, with significant drops in 2015, 2016, and 2020, but showed some recovery between 2018 and 2021. The most recent two years showed slight year-on-year declines, with -0.2% in both 2022 and 2023. The five-year CAGR from 2018 to 2023 was -0.31%.

Future trends indicate a gradual decline in production volumes, as the forecasted values show a consistent decrease through to 2028. The forecasted five-year CAGR from 2024 to 2028 is -0.17%, highlighting a modest shrinking trend in the industry.

Trends to watch for:

Technological advancements in metal processing and recycling that could boost efficiency.
Potential regulatory impacts on production due to environmental concerns.
Market dynamics and global demand shifts influenced by geopolitical events or trade policies.