In 2023, the US imported 6.33 million metric tons of aluminium. The forecasted data indicates a steady increase in aluminium imports over the next five years with year-on-year growth rates as follows:
- 2024: 1.27% increase from 2023
- 2025: 1.25% increase from 2024
- 2026: 1.08% increase from 2025
- 2027: 1.22% increase from 2026
- 2028: 1.05% increase from 2027
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is projected to be approximately 1.17%.
Future Trends to Watch For:
- Global economic conditions affecting aluminium supply and demand.
- Technological advancements in aluminium production and recycling.
- Policy changes, tariffs, and trade agreements impacting cost and availability.
- Shifts in end-user industries such as automotive, aerospace, and construction.
