The net shipments of aluminum wrought products in the category of pipe, tube, and extruded shapes in the US are forecast to grow steadily from 2024 to 2028, increasing from 2.76 Million Metric Tons to 2.89 Million Metric Tons. In 2023, the actual shipment figure stood at 2.72 Million Metric Tons. Year-on-year growth shows a stable increase: 1.1% for 2025, 1.4% for 2026, 1.1% for 2027, and 1.0% for 2028. The Compound Annual Growth Rate over the five-year period from 2024 to 2028 is estimated at approximately 1.2%.
Future trends to monitor include:
- Technological advancements in manufacturing and processing.
- Shifts in demand from key industries like construction and automotive.
- Impact of environmental regulations on production and supply chains.
- Potential economic fluctuations influencing global aluminum prices.
