In 2023, the import of bar, rod, and profiles of copper-zinc base alloys to the US stood at 17 million kilograms. The forecast for 2024 through 2028 indicates a steady decline, with values decreasing each year: 16.632, 16.125, 15.627, 15.14, and 14.662 million kilograms, respectively. This represents a year-on-year decline of approximately 3% starting from 2024. Over the five-year forecast period, the compound annual growth rate (CAGR) reflects an average annual decrease of around 3.6%.
Future trends to watch for include:
- Potential shifts in demand for copper-zinc alloys due to changes in manufacturing and construction sectors.
- Impact of international trade policies and tariffs on import volumes.
- Technological advancements that might influence material substitutions or improved recycling techniques.
- Global economic conditions and their effect on the industry's supply chain dynamics.