Based on the provided data, the forecasted net shipments of aluminum wrought products in the US are as follows (in million metric tons):
- 2024: 9.32
- 2025: 9.40 (0.86% YoY increase)
- 2026: 9.47 (0.74% YoY increase)
- 2027: 9.54 (0.74% YoY increase)
- 2028: 9.61 (0.73% YoY increase)
These figures indicate a consistent upward trend, with modest year-on-year variations ranging from 0.73% to 0.86%. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 0.77%.
Future trends to watch for include technological advancements in aluminum production, shifts in demand from key industries such as automotive and construction, and potential impacts of trade policies on aluminum imports and exports.
